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.
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.
