UK continue No=Deal Brexit fears!!! Warning to a drop!!!
In this analysis, we see how the Sterling Pound has been deprecciate against of the currency's Forex.
First, in Daily we see a clear bearish continuation and we could to see a opportunity of pick down 260 pips in Sterling Pound
In H4 timeframe we see a formation of the Elliot Wave Cycle, and we are in formation of the #3 to end it.
And guys, in H1 timeframe we see a short entry using the twos Fibonacci level called 0.382% and 0.618% of Fibonacci to entry in short in both level where the price reach it.
Well, the most that I hope is an entry in short!!!
Fundamental Keys to take in noticed it this week:
1.Fortnight low for Pound to US Dollar exchange rate as No-deal Brexit fears cloud outlook
2. Pound slumps on UK Government's Brexit threat
3. After weeks of strong performance on hopes that Britain's coronavirus situation was better than the U.S. situation, Brexit concern have finally returned to focus for Sterling
4. U.K. Market fears taht 2020 would end with a No-deal Brexit had been bubbling away in the background in recent months. However, the fears but had been overshadowed by the global market focus on the coronavirus pandemic
5. The U.K. Government was planning to throw a spanner into negotiations by altering withdrawal agreement legislation had led to a pound sell off
6. Economist's and business have been warning the U.K. government that heading for a no-deal Brexit would be dire for Britain's economy
So, in summary it's not good news about the fears of the market what U.K. market is still borring about what British minister Boris Johnson wanting to created a plan and it's due the Brexit.
First, in Daily we see a clear bearish continuation and we could to see a opportunity of pick down 260 pips in Sterling Pound
In H4 timeframe we see a formation of the Elliot Wave Cycle, and we are in formation of the #3 to end it.
And guys, in H1 timeframe we see a short entry using the twos Fibonacci level called 0.382% and 0.618% of Fibonacci to entry in short in both level where the price reach it.
Well, the most that I hope is an entry in short!!!
Fundamental Keys to take in noticed it this week:
1.Fortnight low for Pound to US Dollar exchange rate as No-deal Brexit fears cloud outlook
2. Pound slumps on UK Government's Brexit threat
3. After weeks of strong performance on hopes that Britain's coronavirus situation was better than the U.S. situation, Brexit concern have finally returned to focus for Sterling
4. U.K. Market fears taht 2020 would end with a No-deal Brexit had been bubbling away in the background in recent months. However, the fears but had been overshadowed by the global market focus on the coronavirus pandemic
5. The U.K. Government was planning to throw a spanner into negotiations by altering withdrawal agreement legislation had led to a pound sell off
6. Economist's and business have been warning the U.K. government that heading for a no-deal Brexit would be dire for Britain's economy
So, in summary it's not good news about the fears of the market what U.K. market is still borring about what British minister Boris Johnson wanting to created a plan and it's due the Brexit.