The GBP/USD pair had a slightly positive session on Wednesday, clinging to the 1.5250 area yet again. However, this market is essentially “dead money” at the moment, as it simply has no drive to break in one direction or the other. If we managed to close well below the 1.52 level on the daily chart, we would consider this a very bearish sign it would start shorting this pair. Alternately, if we managed to break above the 1.54 level on the daily chart, you think this market could go much higher. In the meantime, we simply just wait.
Written by FX Empire