The GBP/USD pair initially tried to rally on Monday but found the 1.25 level to be far too resistive. Ultimately, this is a market that continues to
The GBP/USD pair initially tried to rally on Monday but found the 1.25 level to be far too resistive. Ultimately, this is a market that continues to bounce around just below that handle so I really don’t have any interest in trading this market at the moment. Given enough time, we should get some type of impulsive candle that we can trade, but I certainly don’t see it currently, and as a result remain on the sidelines. I believe that the British pound will be easier to trade against other currencies such as the Japanese yen or even the Swiss franc.
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.
