fundamental instrument
read here
uk.reuters.com
technical
in daily chart price find resistant as it drop to level 1.14318 and bounce up breached resistance at 4 hr chart..
Plan monitor sentiment regarding this issue:
- concerns about Italy’s spending proposals ,
- britian (brexit no deal)
- US and relationship with Saudi (tensions over the disappearance of...
GBPUSD has been dropping for the past 5 months (April 2018) and i think its an opportunity to ride the wave a bit more... Even though i caught a few pips when the market was bullish briefly, i wouldnt recommend going against the overall daily trend so im all in for a Sell the next few days
I am short on this pair because of the trend line break and candles but at the same time it looks like it wants to go north. I think its news related or something, but I may get out of this trade.
What do you see here?
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1) Wait for confirmation of bearish trend in the coming weeks
2) Watch out for a bullish fake out above 111.000 PL
Just is just my outlook and not a trading suggestion. Please feel free to comment!
