The British pound bounced off of the 1.20 level underneath to form a very strong looking candle, engulfing the hammer from the previous week. If we can
The British pound bounced off of the 1.20 level underneath to form a very strong looking candle, engulfing the hammer from the previous week. If we can break above the 1.25 level above, I believe that the market will continue to go higher. In the meantime though, it’s probably easier to deal with this market from a shorter-term perspective rather than the weekly chart. If we breakdown below the 1.20 level, that would be catastrophic. Regardless, I think you can count on seen quite a bit of volatility in this market.
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.
