The GBP/USD pair rallied at the open on Tuesday, testing the 1.25 handle. This is a market that continues to see a lot of volatility in this area, and as
The GBP/USD pair rallied at the open on Tuesday, testing the 1.25 handle. This is a market that continues to see a lot of volatility in this area, and as a result I think it can be difficult to trade this pair. I prefer selling, at least from a longer-term perspective, but quite frankly it’s been so noisy I’m going to continue to sit on the sidelines until we get a significant move in one direction or the other. Until then, I think it’s probably easier to trade the British pound against other currencies.
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.
