Looking at the GBP/USD daily chart we can see that price is trading within a pennant pattern but threatening a possible breakout to the downside. The 200-period simple average, currently at 1.2687, represents potential support and a major line in the sand between the bulls and bears.
Investors now turn their attention to the ECB monetary policy statement and press conference scheduled to take place this Thursday.
In our January interview we catch up with Pierce Crosby, General Manager of TradingView, one of the fastest growing and most exciting fintech companies in the world.
Michael has been instrumental in transitioning Scandinavian Capital Markets from a wealth management company into Sweden’s first STP-ECN forex broker. His recent interview was published by BestcTraderBrokers.
The Initiative aims to bring together like-minded businesses and individuals who are practicing and spreading values of open, transparent and professional Forex business. This focuses on the traders’ needs and well-informed, educated decision making at all levels.