Follow up on my idea about weak GBP in the last month of 2016:
Major GBP pairs (GBP/JPY, GBP/CAD, GBP/NZD, GBP/USD) all experienced decline on Monday, 28 Nov, with most of them hitting resistance levels which are too strong to be broken despite the major GBP increase throughout November. With UK appealing against the court decision on Brexit, GBP could see drop in value until a final decision is made (expected to be made in 2017 with appeal starting on 5 December).
Technical indicators also show weak bullish signals with RSI, MACD, Resistance line and Fibonacci levels all suggesting a likely decrease in the following weeks.
cok tehlikeli beni bu para birimi cok zarara soktu,birdaha bulasmam
mucahit06
⋅
WE CAN NOT SEE chart
DzhuneytYusein
⋅
@mucahit06, it seemed to have broken the resistance line but it got rejected from 78.60% Fibonacci level and dropped suddenly back within the trend. But GBP is really a gamble these days until a clear decision is made on the Brexit court appeal case. Good luck :)