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Is The British Pound Making A Comeback?

fx88vn (fx88vn)
Aug 18 2017 at 10:45
6 postów
Momentum appears to declining for Euro buyers especially against the British Pound. Price action has broken the 20-period exponential moving average to the downside, which had been acting as a support line for the pair. Its worth noting however, price action has broken the moving average once previously, with prices snapping back in a bullish direction. Momentum indicators confirm a lack of conviction from Euro buyers as RSI heads towards the 50 threshold and MACD begins its descent towards the zero line.

Impact event: Eurozone current account data will be released at 11:00 GMT+3, impacting Euros pairs.



Following the theme of GBP recovery, the GBP/USD pair appears to be turning more bullish and is currently testing the 1.290 price level along with the 20-period EMA. Volume has been rising into the bullish move which could indicate there is still some buying interest for the Pound. Momentum indicators are mixed; with MACD following an upward trajectory however, RSI has flattened below the 50 threshold. Clearly, a break of the 1.39 price level is required to confirm the bullish momentum, with the next price target at 1.297.

Nov 16 2017 at 15:34
920 postów
Last week, I have opened a Buy trade on EUR/GBP! In addition, till now I am holding that trade for 320 pips profit! I opened that trade position according to the daily chart of EURGBP.

Feb 10 2020 at 18:12
18 postów
How does it sounds to you in 2020, it's a month over already..... do let me know what you are thinking about it. I am finding it very interested anyway. They are completing Brexit now so who knows how it will turn out here totally and completely.

Oct 12 2020 at 06:58
349 postów
UK is in Brexit transition period. It will end in this year. On the other hand, COVID-19 make the market unsettled. So, it is hard to say for British Pound in 2020.

Oct 19 2020 at 12:14
47 postów
Looking at my charts I would say so.

Oct 24 2020 at 17:26
327 postów
EUR/GBP losses and returns to 0.9100 mark. However, traders are growing interest about the Brexit talks.

Dec 04 2020 at 06:46
17 postów
I am not sure about its future. First, it was Brexit and now it is COVID-19.

Dec 07 2020 at 05:07
165 postów
Sadly, GBP willl never recover from the Brexit disaster. End-of-the Year will bring turmoil to both EUR and GBP. There is a hgh risk of hard Brexit, almost inavoidable. There is also a great risk of the dissolution of the UK.. This was solely my _opinion_. .. and that's the way I think it is..

Dec 30 2020 at 04:08
19 postów
I don’t trade it but I think it has already made a comeback. You can try checking it out online for more information on this.

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