GBPUSD Week 50
Hi traders,
We saw high impact events last week, most notably the UK general election on Thursday. The market reacted positively to the Conservatives retaining majority.
However, the following day price found bearish pressure but the GBPUSD did not erase the gains made on the day. Which suggests there is demand.
The stochastic crossed bearish, the GBP may have found a new zone of consolidation and we need to be looking for the breakout to test 135200.
All the best,
Aardall
We saw high impact events last week, most notably the UK general election on Thursday. The market reacted positively to the Conservatives retaining majority.
However, the following day price found bearish pressure but the GBPUSD did not erase the gains made on the day. Which suggests there is demand.
The stochastic crossed bearish, the GBP may have found a new zone of consolidation and we need to be looking for the breakout to test 135200.
All the best,
Aardall
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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.