Key level support is the only thing I see that may tell that a short-time reversal may occur. Most overall indications are still bearish on all the time frames. Last news is old news and is bad news because of the Brexit. Recession fear in all cases of a Brexit.
GBP looking set for more down even after falling for 10 weeks. Risk of ego driven no-deal Brexit will be calculated this week. Parity with Euro is very close.
Boris Johnson Is likely to be elected the new Prime Minister of Britain by an aged and unrepresentative 0.2% of the population. Brexit cannot be achieved through normal parliamentary democracy - and so...
Just a slightly different view of the traditional EURGBP.
GBPEUR had formed a higher low. Let's see if it can form a higher high. That said, the pair is still quite far from reaching the potential breakout level for the upside. We need to see a clear push above the 1.1270 barrier, before examining higher areas. For now, continue observing the price...
As yoy can see cross rate is pointing to the violet ascending line. This is part of the channel starting from 2017, august 29th. The same channell was tested in august 2018 and january 2019. Buying zone is approx in 1,17/1,18 area.
BXY is facing bearish pressure from our first resistance where we might be seeing a further drop to our first support level. Stochastic is also approaching our first resistance where we might be seeing a further drop in price.
08/26/2016 the graphic show a down trend that create a descending triangle until it broke in 05/29/2017 the pattern down and stay below the triangle resistance and with the EMA its seems that it's going to still down the resistance