Tradingwithtamil

GBPUSD: Closing Wedge Opens the Gate for Sellers.

FX:GBPUSD   British Pound / U.S. Dollar
The sellers can target the four-month ascending aid line, at 1.3,000, followed by 1.2980, at a further downside with the Brexit-pessimism throughout the GBP / USD pair. However, the decreases of pairs from 1.2980 to 1.2900 and 1.2810 to 1.2800 could be challenged by Bears. The 1,3160 on the upside might challenge the pair's immediate progress, breakthrough which a falling trend line resistance, at 13,230, seems crucial to buyers. During a rally to March, 1.3380 may act as intermediary stops in the course of the extended increase beyond 1.3230, 1.3270 and 13330.

Hit like, comment and follow for more updates.

Comments