Sterling could dive down again on Brexit, new lockdown measures
Bank of England policy maker Jonathan Haskel said he’s prepared to back more monetary support for the U.K. if necessary as he warned that the near-term risks to the economy lie to the downside. He also signaled he’s supportive of negative interest rates as a policy tool, noting research that suggests it may have had a positive effect elsewhere. Prime Minister Boris Johnson is reportedly considering new restrictions to cope with rising COVID-19 infections. More and more cities in England and Scotland are slapping new measures on their residents.
Technically GBPUSD correlating positively to dollar, as dollar sideways to strong so far this pair facing resistance at every high. For now , 1hr chart suggesting a pair will test the fib 61.8% level at 1.2950-55 which is the day resistance 1 too. Earlier it was faced resistance many times at same zone which could resist today also. One can wait for that level and initiate the sells from there to the downside 1.2895 or 50ma followed be 1.2845 oct 7th low. Overall sell on rise is advised.
Technically GBPUSD correlating positively to dollar, as dollar sideways to strong so far this pair facing resistance at every high. For now , 1hr chart suggesting a pair will test the fib 61.8% level at 1.2950-55 which is the day resistance 1 too. Earlier it was faced resistance many times at same zone which could resist today also. One can wait for that level and initiate the sells from there to the downside 1.2895 or 50ma followed be 1.2845 oct 7th low. Overall sell on rise is advised.
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.