The GBP/USD pair fell during the course of the session on Friday, testing the 1.52 level. The weekly candle was a shooting star, so it seems as if it’s
The GBP/USD pair fell during the course of the session on Friday, testing the 1.52 level. The weekly candle was a shooting star, so it seems as if it’s only a matter time before he break down. With this, if we break down below there we feel that the market will reach towards the 1.50 level. We have no interest in buying this pair, and as a result we are simply waiting to see whether or not we break down in order to get involved. The US dollar should continue to be one of the strongest currencies in the world.
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.
