Presently price is about to hit the 45 mins resistance. I have 2 reasons why the GBP will fall.
1) With the upcoming Retail sales (9:30am GMT) and T. May potential resignation news, i expect GBP to fall.
The DXY and trade war doesnt do the USD any favours but considering the GBP current state, i believe the GBP will fall.
2) The traders sentiment is long as more retail traders are taking long position and this strengthens my position that GBP will fall.
Please use S/L: 1.274 and TP:1.260
Please dont forget to like this post :)
1) With the upcoming Retail sales (9:30am GMT) and T. May potential resignation news, i expect GBP to fall.
The DXY and trade war doesnt do the USD any favours but considering the GBP current state, i believe the GBP will fall.
2) The traders sentiment is long as more retail traders are taking long position and this strengthens my position that GBP will fall.
Please use S/L: 1.274 and TP:1.260
Please dont forget to like this post :)