GBPUSD > Price Hit Resistance Line Also 200 MA!!

9 giu 2020

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Analysis of #GBPUSD

Price hit resistance line slightly above 200 MA, what next?
Well if the BOE keeps the door open for negative interest rate, and more looms and glooms about Brexit talks continue to persist I expect this to fall back to 1.2400ish

Till now still, price is in an uptrend and no reason to start selling, but if I would sell, I would sell against EUR

let's see if it can establish a downtrend on the lower time frame I will consider getting long with members inside the signal service if the rules are met



⚠ Please note the ideas is valid only if it happened as I said above

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Check today analysis below

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Disclaimer: this information is not a recommendation to buy or sell. It is to be used for educational purposes only