The GBP/USD pair did very little during the session on Monday, as you can see essentially closing the market unchanged. We are in between two significant areas in the former 1.55, and the 1.5750 level. That being the case, we feel that this market is still kind of in “no man’s land”, and as a result we simply see no trade at the moment, but do recognize the fact that if we get a supportive candle closer to the 1.55 handle, it would be a nice buying opportunity. Until then, we really don’t have a whole lot going on.
Written by FX Empire