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.
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.
