The GBP/USD pair is trading near a potential demand zone near the 50% Fib level and a horizontal support level which has previously acted as a resistance for the price.
The pair formed two strong pinbar patterns last week that rejected lower prices for the time being.
The pound continues to be strongly influenced by Brexit news, so pay attention to your risk levels when trading pairs that include the GBP.
The pair formed two strong pinbar patterns last week that rejected lower prices for the time being.
The pound continues to be strongly influenced by Brexit news, so pay attention to your risk levels when trading pairs that include the GBP.
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