The GBP/USD pair did very little during the session in the end after going back and forth wildly on Tuesday. The candle is slightly negative, but not enough to get too excited about, and we have to recognize the fact that the 1.6250 level has held as support yet again. Because of this, we still believe in the bullish story when it comes to this pair, don’t see the setup in order to make any type of trading decision of the moment, so we’re simply sitting on the sidelines until we get a more substantial move in one direction or the other.
Written by FX Empire