The GBP/USD pair fell initially during the day on Thursday, but found enough support below the 100-exponential moving average to turn things around and
The GBP/USD pair fell initially during the day on Thursday, but found enough support below the 100-exponential moving average to turn things around and break above the 1.25 handle. If we can break above the 1.26 level, I believe that the market will continue to go much higher. Pullbacks should continue to be buying opportunities, as there is plenty of support just below. The British pound continues to show quite a bit of strength, but expect quite a bit of volatility as the Article 50 looms large and is coming soon, and will have an effect.
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.
