After regaining the big 1.60 psych level early this week, $GBPUSD is poised to close this week back below 1.60. After last week’s close, this is a VERY big deal.
Earlier this morning, I chatted with Dale Pinkert in the FXStreet’s Live Analysis Room (LAR) where I explain this possibilities for this $GBPUSD chart and other GBP pairs, including $EURGBP, $GBPAUD, $GBPJPY.
Big Deal (FaithMightFX)
This rally looked good until it didn’t. (FaithMightFX)
Peter, himself a GBP legend even though he’ll never admit it, just may be right about cable after all. (Peter Brandt)