kristellekdeissy

kristellekdeissy

We saw that the EURGBP broke the support and touched it again showing that the EUR will decrease and may touch level (1). We look forward for the week ahead to see the news related to Brexit and the ECB decisions to see how it will have an impact on the pair and to give us another signal about it trend.

kristellekdeissy

For the week ahead we have two scenarios (1) and (2). And it all stands according to the news of the U.S., first we have the final GDP growth rate QoQ estimated to be 2% (previous 3.1%) and PCE prices QoQ estimated to be 2.3% (previous 0.4%). These two events that will be announced on Thursday September 26, will have a big impact on the USD. A lower GDP and/or PCE...

kristellekdeissy

GBPUSD touched the resistance line and broke it downward signalling that the price will depreciate. Waiting for another signal to see if it will break the support or will change its direction.