The GBP/USD pair initially tried to rally during the course of the week but had a bit of trouble at the 1.47 handle. By doing so, we pulled back and
The GBP/USD pair initially tried to rally during the course of the week but had a bit of trouble at the 1.47 handle. By doing so, we pulled back and formed a shooting star, and as a result it’s likely that we will pull back slightly from here. However, there is a lot of support underneath that should continue to push this market to the upside. A break above the top of the range for the week should be reason enough to go long, but it might be easier to do off the daily chart.
Chris is a proprietary trader with more than 20 years of experience across various markets, including currencies, indices and commodities. As a senior analyst at FXEmpire since the website’s early days, he offers readers advanced market perspectives to navigate today’s financial landscape with confidence.
