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.
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.
