varietyjones

GBPUSD Medium to Long term

Short
FX:GBPUSD   British Pound / U.S. Dollar
This pair has been in a downtrend for a long time. On 22 July the new Prime Minister will be announced, likely Mr Johnson. There is still lots of uphill for the UK in terms of negotiating the deal or no deal out of the EU. This will cause the currency to fall. The USD has its own challenges with the upcoming rate cut at the end of July. I believe the pair will go down and then back up. Blue lines are trend line and yellow are support/resistance .
Sell at 1.24462, BUY at 1.21567

Make your own decisions. I am just sharing my ideas.

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