The GBP/USD pair went back and forth during the course of the week, eventually forming a very neutral candle. The neutral candle suggests that the buyers
The GBP/USD pair went back and forth during the course of the week, eventually forming a very neutral candle. The neutral candle suggests that the buyers are starting to make a little bit of noise here, and that we could very well see the market go higher. The previous hammer of course was very supportive, so we feel the market should eventually break out to the upside, but we need to clear the 1.62 level on a daily close in order to start buying at this point in time.
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.
