GBP/USD ATTEMPTS A BOTTOM AFTER BREXIT
The pound has been on a downtrend since 2008 and is now attempting to breakout of the monthly SSSA line on the cloud. Price action inside the cloud is often volatile and only settles in direction after breaking out of the SSSB line above 1.289 (SSSB on the monthly at this time) in the months to come. Daily charts issued a buy signal on 221020 at 1.312 remains valid.
Pivot 1.335
Long positions above 1.335 targets 1.423
Short positions below 1.335 targets 1.284
Long Term downtrend (bottoms out if price holds 1.289 above)
Medium Term uptrend
Short Term uptrend
Pivot 1.335
Long positions above 1.335 targets 1.423
Short positions below 1.335 targets 1.284
Long Term downtrend (bottoms out if price holds 1.289 above)
Medium Term uptrend
Short Term uptrend
Quant Strategic Singapore