Klem_west

DOLLER Underpressure !!

Long
FX:GBPUSD   British Pound / U.S. Dollar
US election ,Corona Virus ,uk going back to lock down theres so much pressure on the cable and at the same time pressure on the dollar ,but looking at this chart we could see GBP is gaining momentum ,why ? because even though the uk is back to lock down until 7 December the market is really focusing on the US elections which have put dollar under and lot of pressure ,so we should expect some gains for the GBP this weekly ,or knows maybe reverse could happen next week

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.