GBPUSD#2---> Time to buy:Good day dear #investors and colleagues #traders.
Your attention a technical analysis of the currency pair #Gbpusd:
#Comment for last week:
As we predicted, the key mark for the British currency was in the area of 1.30. This pair should continue the upward movement.
As is the case with the main investment risks.
As a result of negotiations between the UK and the EU, difficulties arose.
Statements of a big delay in their supply chain.
About 100 people were supposed to agree this week so that negotiations could continue until Thursday.
She wants to gain access to the European market, but she does not want to recognize the jurisdiction of the highest court of Europe. Europe, in turn, believes that they will gain access to their trading partner outside the EU.
Recall that today the Minister of International Trade said: "Great Britain can leave the Eurozone without a deal and abandon trade negotiations with the United States."
“Essentially, this is the same story (Brexit), but also a new chapter,” said David Madden, market analyst at CMC Markets in London. This was a negative comment from a government official. Most investors buy sterling. ”
From the materials of Ritvik Carvalho, Reuters.
# Technical analysis:
Globally (D1):
The global downtrend has continued this week, however, its slope has increased from 9˚ to 22˚, which demonstrates the increasing danger for investors and their desire to use the new growth to find sales.
Locally (H1-H4):
Locally, low movement is also widespread, now the key resistance zone is located on the lower border of the downward channel 1.2820 and only a breakthrough of this mark and confidence that the aforementioned lines can not even turn the tide for long.
By tradition, we call the weekly support and resistance zones:
A) Support: 1.2693 and 1.2562;
B) Resistance: 1.2984 and 1.3147;
#Orders_and_position:
- Leading indicators: they tell us about the excessively low price of the British pound, and stabilization above 1.2740 creates a certain consolidation for the possibility of a reversal.
- The indicator of price behavior suggests that this allows us to open a long position from 1.2768 with #stoploss. 1.2720 and # takeprofit 1.2900. # RR = 2.5;
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