Hey traders, here is the analysis for the GBPUSD. If you guys like my analysis please hit like👍 and follow. Thanks. DISCLAIMER:- This is not financial advice.
It looks like GU has broken its old trend of going down. The real question with this is "Is it starting a new trend?" or "Is it just a retrace?" so this week will give us the answer as to its currently coming close to the last Higher High (1.38293) so if it closes above that horizontal ray above then it looks like it will go up to the daily resistance (1.39899)...
Hey traders, here is the analysis for the GBPUSD. Let me know if you guys have any questions in the comment section. If you guys like my analysis please hit like. Thanks. NOTE - Please do your own analysis before taking the trade.
Bank Of England Holds its policy unchanged. But negative rates still on the card. Hard Brexit almost confirms. GBP/USD went up mostly for the USD's weakness. Fundamentally GBP is not in a good position as well as. Technically GBP/USD breaks above the trend line, but still closed below the strong resistance.
To the upside, if we see GBP/USD breaks above the...
GBPUSD will probably be headed sideways until the April 12th deadline after which if there is a no deal (unlikely) then the price will crash through the floor. But if there is an extension longer than a few weeks, I think we can expected to see price action gravitate towards the monthly resistance downward trend.
