The GBP/USD pair fell a bit during the course of the session on Friday, February 5, but did get back some of the losses by the time we closed, FX Empire reports.
The GBP/USD pair fell a bit during the course of the session on Friday, February 5, but did get back some of the losses by the time we closed, FX Empire reports.
«It appears that the market needs to break above the top of the shooting star from Thursday in order to continue to go higher, but at this point in time it looks as if we very well could do that. Ultimately, this is a market that is going to continue to be volatile, and we do believe that the longer-term downtrend will continue, but it appears that we need to pull back in order to build up enough momentum to break down», - analyst Christopher Lewi said.
FXStreet expert Valeria Bednarik stresses that the GBP/USD pair trades around the 1.4500 figure, having advanced up to 1.4545 so far today (February), but limited towards the upside by selling interest aligned around the mentioned high. According to her words the Pound has seen a nice upward corrective movement last week, recovering up to the 50% retracement of its latest slump, but then easing back as a private poll showed that those favoring a Brexit had began to rise.
