The GBP/USD pair rallied significantly during the week, slicing above the 1.30 level. The 1.3250 level above offered resistance previously, and I think
The GBP/USD pair rallied significantly during the week, slicing above the 1.30 level. The 1.3250 level above offered resistance previously, and I think that resistance extends to the 1.3550 level. Because of this, even if we do go higher, it’s can be difficult. I think it’s probably only a matter of time before we roll over, but I am the first to admit that this weekly candle looks very strong. Short-term, I suspect we will probably have to pull back to build up momentum anyway. Ultimately, this is a very choppy 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.
