The GBP/USD pair rally during the day on Monday, slamming into the 1.2250 level. This is an area that has been of interest recently, and I think that if we can break above the 1.23 handle, the market could then go higher. And exhaustive candle in this area could be a selling opportunity as well though, so we must pay attention to what’s going on. I believe that this market will continue to be volatile, and thus I will be waiting until we get a daily close that either show that we are going higher, or showing some type of exhaustion.
Written by FX Empire