Looking into GBPUSD, Fading hopes for a post brexit deal caused some fresh selling for the cable currency on Thursday.
We clearly see that GBPUSD rejected 1.35400 level, this is actually bad for the cable because historically we find out that the pair slowly slides and dives down from this area.
While long term, I see GBPUSD coming to the lows of 1.27 in the nearest future, short term we may see some short term buys from the 1.32700 level however the moment we break under this level the path for out very first Target of 1.309 is clear.
Risk Warning : The risk of loss in trading Foreign Exchange (FOREX) can be substantial.
You should therefore carefully consider whether trading is suitable for you in the light of your financial condition.
Goodluck !
We clearly see that GBPUSD rejected 1.35400 level, this is actually bad for the cable because historically we find out that the pair slowly slides and dives down from this area.
While long term, I see GBPUSD coming to the lows of 1.27 in the nearest future, short term we may see some short term buys from the 1.32700 level however the moment we break under this level the path for out very first Target of 1.309 is clear.
Risk Warning : The risk of loss in trading Foreign Exchange (FOREX) can be substantial.
You should therefore carefully consider whether trading is suitable for you in the light of your financial condition.
Goodluck !