GBPUSD: First up, then down !?
Hi, Traders ! Monfex is on the air !
GBP/USD can reach 1.30 already this week on a positive wave of a Brexit deal.
* During the past days, GBP has increased in value significantly ag USD against the background of improved outlook of a Brexit deal.
* There is the possibility that the UK government could start legal procedures to avoid asking for an extension with the object of taking the UK out of the EU on October 31 without a deal. In this scenario GBP can drop sharply towards 1.20.
* Technically, GBP resides on the upper band of the expanding bullish triangle. We expect a breakthrough the upper band to hit 1.30 and then return to the middle of triangle around 1.24.
Active trade signal
Sell @ 1.3050
Target: 1.2400
Stop-loss: 1.3150
Watch for our Updates to get real-time superior signals!
GOOD LUCK AND LOTS OF PROFITS !!
Disclaimer
This report is for information purposes only and should not be considered a solicitation to buy or sell any cryptocurrency or cryptocurrency product. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.
GBP/USD can reach 1.30 already this week on a positive wave of a Brexit deal.
* During the past days, GBP has increased in value significantly ag USD against the background of improved outlook of a Brexit deal.
* There is the possibility that the UK government could start legal procedures to avoid asking for an extension with the object of taking the UK out of the EU on October 31 without a deal. In this scenario GBP can drop sharply towards 1.20.
* Technically, GBP resides on the upper band of the expanding bullish triangle. We expect a breakthrough the upper band to hit 1.30 and then return to the middle of triangle around 1.24.
Active trade signal
Sell @ 1.3050
Target: 1.2400
Stop-loss: 1.3150
Watch for our Updates to get real-time superior signals!
GOOD LUCK AND LOTS OF PROFITS !!
Disclaimer
This report is for information purposes only and should not be considered a solicitation to buy or sell any cryptocurrency or cryptocurrency product. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.
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