The British pound initially shot higher during the course of the week but the 1.39 level continues offer quite a bit of resistance. By doing so, the market has turned around again.
The British pound has gone back and forth during the course of the trading week to form a rather neutral candlestick. At this point, we have to discern whether the next move is going to be higher or lower.
The British pound has gone back and forth yet again during the trading session on Friday, as we are sitting just below the 50 day EMA. This is a market that continues to see choppy and indecisive behavior.