Livre sterling / Dollar américainMis à jour GBPUSD Outlook Neutral; might resume minor uptrend.
GBPUSD has closed above the 100D EMA. So, technically, it might resume it's uptrend again. I have highlighted the critical levels in my chart.
However, the fundamental picture remains murky.
Intense post-Brexit trade negotiations will begin shortly between the EU and UK, which might not be a piece of good news for the Pound.
Even if the uptrend resumes, GBPUSD will face plenty of hurdles. So, buyers have to be very careful.
I still believe in selling the rallies as the best way to trade GBPUSD.
In my opinion, price might actually consolidate in the 1.2900-1.3040 range and the downtrend might resume again from March.
However, the fundamental picture remains murky.
Intense post-Brexit trade negotiations will begin shortly between the EU and UK, which might not be a piece of good news for the Pound.
Even if the uptrend resumes, GBPUSD will face plenty of hurdles. So, buyers have to be very careful.
I still believe in selling the rallies as the best way to trade GBPUSD.
In my opinion, price might actually consolidate in the 1.2900-1.3040 range and the downtrend might resume again from March.
Note
As I mentioned on Sunday, GBP did a minor upwards movement towards 1.3040 and now it has given up all the gains
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.