IkeOkeke

Sterling heading for the 1.21 level?

Kort
IkeOkeke Uppdaterad   
FX:GBPUSD   Brittiska pund/Amerikanska dollar
Good Evening Traders,

The pound has broken through key support and resistance, now at the sloping support level. After the key S/R being broken, we had a retrace and then a continuation of the down trend. I believe the sterling now has the momentum to head back to the 1.21 level, previously seen post October flash crash. With only months before Prime Minister, Theresa May triggering article 50, the cable lacks strength with uncertainties remaining high. In the meantime, I'll be watching for a potential price squeeze, otherwise a break of the sloping support.

TWITTER: BrightForex

Many thanks,
Ike
Kommentera:
Sterling has reached the 1.21 level as expected! Brexit Fears remain high..
Stay tuned for more updates

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