$GBPUSD: Weekly and Monthly uptrend
Updated
The British Pound could revisit the Brexit Key Level resistance over time, if the bullish signals here pan out...
The trend had been down but there's a chance for the interest rate differential trend to reverse and boost the
GBPUSD pair, BOE might have more to do whereas the Federal Reserve is likely done hiking rates.
Very low risk buy signal here, with tremendous upside vs risk.
This likely applies to buying prime real estate in London, as a long term currency trade as well.
But that is not viable for smaller accounts naturally.
Best of luck!
Cheers,
Ivan Labrie.
The trend had been down but there's a chance for the interest rate differential trend to reverse and boost the
GBPUSD pair, BOE might have more to do whereas the Federal Reserve is likely done hiking rates.Very low risk buy signal here, with tremendous upside vs risk.
This likely applies to buying prime real estate in London, as a long term currency trade as well.
But that is not viable for smaller accounts naturally.
Best of luck!
Cheers,
Ivan Labrie.
Note
Target #1 in the weekly hit in #GBPUSD, pretty much, monthly points much higher for longer, so I will just hold.#Forex #forexsignals
GBPUSDNote
Note
Hodling this one.
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