The GBP/USD pair fell slightly during the session on Monday, but considering that both the Americans and the British were off on holiday, this market will have been relatively illiquid. We are hanging around the 1.51 handle, and therefore don’t really see much of a trading opportunity at this point. This is mainly because of the 1.50 level below offering such support on the longer-term charts, and as a result if we were forced to take a trade it would be to short this market, we don’t really have the technical set up at the moment.
Written by FX Empire