turtlebuster

British pound; a new uptrend?

Long
FX:GBPUSD   British Pound / U.S. Dollar
The british pound has made a nice bounce of NOV lows but it needs to break resistance in order to continue its upward momentum.

Fundamentals -- increased liquidity by central banks has helped Great Britain implement fiscal expansion plans. In other words, increased flow of money will attract new businesses into the british pound.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.