The GBP/USD pair rose during the session on Monday, but as you can see gave back a significant portion of the gains. Nonetheless though, we did trigger by signals as we broke the top of several hammers. With that being the case, we believe that this market will more than likely grind its way higher but the candle for the session on Monday certainly highlights how much of a fight it’s going to be. We are bullish of this pair, but slightly so as the market certainly seems a bit hesitant at this moment.
Written by FX Empire