The last days were really hard to predict, but now I clearly see a continuation of the bearish trend. A few more days at least
Wise never sit and wail their loss, but cheerfully seek how to redress their harms.
What do I see for today?
I see downward movement.
I would say GBP/USD will be going down 1.278.
I see downward movement.
I would say GBP/USD will be going down 1.278.
Oct 12 2020 at 09:42
There seems to be a downward movement today and it might continue that way for a few days. Although GBP/USD might go down.
New lockdown restrictions, BoE further confirming their intent to add negative interest rate to their toolbox to be used if necessary (and data is disapointing), all negative in the future, but the big driver will still be if any kind of deal is struck by Thursday or not. Plenty of optimism is already priced in. But it seems increasingly unlikely that a comprehensive deal that both UK and EU can agree upon will be struck, some barebone deal maybe.
Overhead resistance was cleared and I think what we see now is just a throwback. We should see new highs today.
Oct 13 2020 at 05:24
Devhuti posted:
6th November 2015
check me out thanks
The GBPUSD had a bearish momentum yesterday bottomed at 1.5359. The bias is bearish in nearest term especially if price able to make a clear break and consistent movement below the H4 EMA 200 located around 1.5370 targeting 1.5300 or lower. Immediate resistance is seen around 1.5400. A clear break above that area could lead price to neutral zone in nearest term but key resistance remains around 1.5505 area which remains a good place to sell with a tight stop loss. We will have some high impact news from the UK today: BOE inflation report, MPC official bank rate votes and monetary policy summary.
You are the size of your own dreams!
Oct 13 2020 at 05:52
Although the pound is still unpredictable, I am quite hopeful of the Brexit deal.
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