GBP/USD had a volatile day on Thursday as traders went between bullish and bearish in this pair. The resulting candle is a doji, and shows just how confused the market is at the moment. After the two previous strong days, the pair took a rest. The real question is which direction will it go once it starts moving again? A break of the top of the range from Thursday is a buy signal, and a break of the lows from that same session is a sell signal.
Written by FX Empire