The GBP/USD pair initially tried to rally but turned right back around during the course of the day here on Thursday, ending up with a bit of a shooting
The GBP/USD pair initially tried to rally but turned right back around during the course of the day here on Thursday, ending up with a bit of a shooting star like candle. That being the case, it looks as if it is possible that a break down below the bottom of the scandal could send this market looking for the 1.45 handle. That would be a short-term selling opportunity at this point in time though, so you would have to be careful shorting. A break above the top of the range during the course of the session on Thursday should send this market much higher.
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.
