GBPUSD Will Return 1.3000 For The Last Time| 21Feb2020
Date: 21st February 2020,Friday 1:25pm GMT+8
Four(4) days trading of the week, we can see the price has decline. The bull traders has coming to its way and they kept silent for a moment. Just waiting the bear trader making a move. The move that made has weaken and losing its power.
Friday 2st February 2020, bull trader testing the market and the bright side there was no rejection to push the price upwards. AS this is was the weakening power bear trader has losing its momentum. Like we can see today, the bull trader has coming in slowly but surely.
Increasing the volume is the confirmation. But this has to be prove by the key level 1.30000 before strengthening of the pound is highlighted.
The confirmation has to be its trend to support the volume by next week. If all goes well, we will be seen the price hit the 1.30000 for the last time perhaps as the way not for its retracement nor continuation. Since the sign of bear power has losing its interest to selling while at the other side greenback is getting weakening. This is the advantages.
I am seeing the cable will touch the 1.3000 by next week as the bull trader slowly gather the fellow to push it upwards. Sooner or later, the price will touch this value before continue to the level of 1.27775.
Holding the Long would be advisable as today the bull traders show its face to the market. Swing would be good to ride the bandwagon before missed it.
By Zezu Zaza
Four(4) days trading of the week, we can see the price has decline. The bull traders has coming to its way and they kept silent for a moment. Just waiting the bear trader making a move. The move that made has weaken and losing its power.
Friday 2st February 2020, bull trader testing the market and the bright side there was no rejection to push the price upwards. AS this is was the weakening power bear trader has losing its momentum. Like we can see today, the bull trader has coming in slowly but surely.
Increasing the volume is the confirmation. But this has to be prove by the key level 1.30000 before strengthening of the pound is highlighted.
The confirmation has to be its trend to support the volume by next week. If all goes well, we will be seen the price hit the 1.30000 for the last time perhaps as the way not for its retracement nor continuation. Since the sign of bear power has losing its interest to selling while at the other side greenback is getting weakening. This is the advantages.
I am seeing the cable will touch the 1.3000 by next week as the bull trader slowly gather the fellow to push it upwards. Sooner or later, the price will touch this value before continue to the level of 1.27775.
Holding the Long would be advisable as today the bull traders show its face to the market. Swing would be good to ride the bandwagon before missed it.
By Zezu Zaza
