#GBPUSD, Election signalBecause of Thursday's election, we will try to focus on the pound!
The GBPUSD broke the resistance line at 1.30 after a few weeks.
And the most significant figure is that on June 15, 2015, the pound did not exceed the 200 moving average line! And this week he does it.
Target: 1.3315
Gbpusdbrexit
GBPUSD with a possible Channel Breakout GBPUSD is currently on a channel with a lot of outside price noises due to high volatility; however, it does not indicate that the channel isn't valid.
News is coming up as the government confidence vote is happening in UK and is forecasted to push down indicated by the tragic defeat of Theresa May
during the Brexit vote.
Trading Levels:
- Entry Price @ 1.28800
- Stop Loss @ 1.29200
- Take Profit @ 1.27900
- Risk/Reward: 2.25
Cheers!
Happy Trading!