The GBP/USD pair fell during the course of the week, as we continue to chip away at the barrier below. I believe that the 1.28 level is the bottom of the
The GBP/USD pair fell during the course of the week, as we continue to chip away at the barrier below. I believe that the 1.28 level is the bottom of the support and should continue to push this market to the upside until we break down below it. Once we do, I feel that we will then reach down to the 1.25 level. Rallies of this point in time will be selling opportunities, and quite frankly I can’t even come up with that scenario in which I want to buy this pair.
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.
