The British pound found some pressure to the downside during the session on Friday, but quite frankly this has been in an explosive moved over the last couple of sessions, so a pullback is healthy. If we can break above and make a fresh, new high, then the market should go to the 1.3450 level over the longer term. I think that there is support at the 1.2925 level is also supportive, so I’m looking for a buying opportunity and have no interest in shorting this market. I am a “buy on the dips” trader.
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GBP/USD Forecast July 3, 2017, Technical Analysis
The British pound found some pressure to the downside during the session on Friday, but quite frankly this has been in an explosive moved over the last
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About the Author
Christopher LewisSenior Analyst
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.
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