The GBP/USD pair went back and forth during the course of the session on Wednesday, as we continue to see weakness in the British pound. The 1.2850 level
The GBP/USD pair went back and forth during the course of the session on Wednesday, as we continue to see weakness in the British pound. The 1.2850 level is the target that I have for the short-term, so any rally at this point in time should be a selling opportunity on signs of exhaustion. I also believe that a break down below the bottom of the range for the session on Wednesday would be a nice selling opportunity as well. Ultimately, this is a market that continues to punish the British pound for the vote to leave the European Union.
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.
