When we look at the British Pound, we see that it is just below the resistance.
Although the negative trend of the US Dollar Index (DXY) out of the channel is a positive factor, I am keen to see that resistance is clearly supportive.
For now, downward pressure may continue for a short time.
Because a high enthusiasm was pumped into the market in line with the election.
These are all I can see for now, with my best wishes.
Although the negative trend of the US Dollar Index (DXY) out of the channel is a positive factor, I am keen to see that resistance is clearly supportive.
- If the resistance is clearly exceeded and the US Dollar Index does not enter the historical channel again,
a strong upward movement can be expected.
- If resistance is unbreakable and the US Dollar Index returns to historical channel, a strong downward movement may be expected.
For now, downward pressure may continue for a short time.
Because a high enthusiasm was pumped into the market in line with the election.
These are all I can see for now, with my best wishes.