The recent political risks surrounding Brexit, such as the suggested rerun of Brexit election and other instability in the UK government, and the continued downtrend of GBPUSD since April this year and USD strength in general, give me an overall bias for this pair despite its recent rally.
Setting up sell stop order few pips below 1.30, with TP @1.265 - 1.27 and...
Hello Traders,
So, today we check GBPCHF pair and from my view, it looks like there are more downsides than upsides from a technical point of view. While last week was GBP bearish as the candlestick shows, what is of interest is the way that GBP closed. As we can see, not only was there an over-extension to the upside but that inverted hammer is the seal of bears....
