devonfer

devonfer

There are key levels I will be looking at to make trading decisions. On Friday 5th after NFP data assisted in reinforcing the bullish strength of GBP with the USD treasury yields weakening the Yen, higher price levels at around 139.360 were rejected. The UK economy is back up with the opening of schools, markets, and car showrooms which is an important first step...

devonfer

On Friday price broke 132.800 major resistance area and market closed around 133.040 area. A retest of the major resistance zone and support being found at that price level could see resistance at 134.000 or further 134.600 being tested over a period of time. Fundamentally the UK economy is starting to reopen which could see price of the pound regain strength.