GBP/USD's current price action looks a bit confusing. The Pound is vulnerable to
news related to UK-EU brexit negotiations.
However, there's a possibility that GBP/USD may drop to the 1.28 level due to any
negative brexit developments.
That being said, keep in mind that GBP/USD has settled above a crucial moving average
in the 4-hour chart.
So, if you are selling, be careful and keep your risks low.
In the next 4-8 weeks, I believe GBP/USD may very well rally to the 1.32-1.33 level.
news related to UK-EU brexit negotiations.
However, there's a possibility that GBP/USD may drop to the 1.28 level due to any
negative brexit developments.
That being said, keep in mind that GBP/USD has settled above a crucial moving average
in the 4-hour chart.
So, if you are selling, be careful and keep your risks low.
In the next 4-8 weeks, I believe GBP/USD may very well rally to the 1.32-1.33 level.
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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.
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.