Given a war possibility out-break that may affect US and Britain who are both NATO members on the back of geo-political instability in the middle east will affect the dollar more since it is the world reserve currency. However if things stay the same as they are the idea is to short GBPUSD since British consumer and business confidence is low in contrast to the US, I am of the opinion that this sentiment will drive the pair lower from the current price.
Technically indicators are in the alignment to the sentiment. Price is below both moving averages(EMA), however price could retest the marked resistance levels before heading lower. The first short position is aggressive whereas the second is much safer and has a higher reward.
Follow and boost the idea
Technically indicators are in the alignment to the sentiment. Price is below both moving averages(EMA), however price could retest the marked resistance levels before heading lower. The first short position is aggressive whereas the second is much safer and has a higher reward.
Follow and boost the idea
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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.