Hello Traders and Investors!
This is simple outlook from my main Idea
1. The US dollar has been strengthening overall.
2. GBP broke down through the 1.30 level.
Scenarios
1. The market is going to break down significantly and reach down towards the 1.25 level underneath.
2. If we can get above the 1.30 level, then we could go as high as 1.34.
Do not Risk More than 5%
This is simple outlook from my main Idea
1. The US dollar has been strengthening overall.
2. GBP broke down through the 1.30 level.
Scenarios
1. The market is going to break down significantly and reach down towards the 1.25 level underneath.
2. If we can get above the 1.30 level, then we could go as high as 1.34.
Do not Risk More than 5%
Comment:
Suggestion: Sell
Comment:
Yesterday, during her speech, Theresa May announced that the British government will allow a second referendum vote to the Member of Parliaments.
Trade active:
GBP/USD is trending downwards.
Comment:
Next Support: 1.25622