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summer6
Apr 18, 2017 12:40 PM

USDGBP Short

FX_IDC:USDGBP1M
U.S. DOLLAR / BRITISH POUNDICE

Description

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UK early election on June 8th.

telegraph.co.uk/news/2017/04/18/breaking-theresa-may-make-statement-downing-street-1115am1/

Comment

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Comment

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This pair hits a support. We need a bit of patience. Happy trading!

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Comment

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GBP dropped sharply in early Asia on Wednesday (Asian session on May 31st) as an opinion poll on the June 8 election showed the conservatives losing ground. mirror.co.uk/news/politics/2017-poll-tracker-general-election-10266121
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This pair could be volatile when it's approaching the election.

Comment

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This pair is hitting a resistance around 0.7847. The election result will come out within a few hours. Let's see how it's gonna impact on sterling pound.

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Comment

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This pair is still trending down. may pay attention to 0.75 level, could be a support there.

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Comment

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Slowly moving down. still expect to see a support around 0.75.

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Comment

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The down trend has remained. Fed decided not to change the interest rate on July 26.

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Comment

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Fed had increased the interest rates on July 26th. This pair experimented 0.75 level. It looks like the support being held. The resistance seems to be around 0.77. Just wanted to mention that NFP and the unemployment rate released on August 4th directly strengthen US dollar. Let's keep an eye on US tax reform plan. investopedia.com/news/trumps-tax-reform-what-can-be-done/

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Comment

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The down trend remains unchanged.
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Comment

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A quick update. This pair got in 0.75 territory once again.

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Comment

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The down trend still remains on the monthly chart. A piece of news on Brexit. independent.co.uk/news/world/europe/brexit-agriculture-deal-uk-eu-donald-trump-us-reject-trade-quotas-plan-theresa-may-a7986221.html

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A bonus weekly chart.

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Comment

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A new month starts. The downward channel remains nicely. Will keep an eye on the FED interest rates hike.

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Comment

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This pair has been rejected three times by ema 68. I'd pay attention to this level.

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Comments
TA_Valley
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It looks bullish
DeanT
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Awsome
summer6
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@DeanT, Thanks Dean
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