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.
Being FXEmpire’s analyst since the early days of the website, Chris has over 20 years of experience across various markets and assets – currencies, indices, and commodities. He is a proprietary trader as well trading institutional accounts.
