SELL 1.10150 | STOP 1.11300 | TAKE 1.09000 | Against the background of the key interest rate cut to 4.25% and the emerging trade deal between the US and the UK, no surprises are expected. Continued pressure on the GBP from the formed medium-term strong resistance range of 1.10850 - 1.11200 against the CHF is likely. Technically, the trading picture is drawn towards selling during May.
Trade active
Trade closed: stop reached
1.11300 | -115 pips
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.