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aardall
Mar 2, 2020 2:12 AM

Week 10 2020 - GBPUSD Short

GBP/USDOANDA

Description

Hi traders,

The GBP looks very weak at these levels, it makes sense because the global economy is slowing down so the prospect of a successful Brexit becomes unlikely. The market is pricing in a weaker British economy.

We can expect this asset to consolidate or pullback as we had strong buying at the 127000 area. This asset is a short into pullbacks, keep eyes on the monthly pivot .

All the best,
Aardall
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