- GBPUSD BUY at 1.25000
- Based on 4hr trend line break out + inverse heads and shoulders pattern price to still reach neckline and possible breakout for continuation
- DXY pullback from 97.70, although 4hr trend is bullish, daily trend line is bearish
- CS pound has seen significant strength, since Boris Johnson being elected as PM for now
- However “Like his predecessor, the new PM is likely to face an uphill battle given the divided parliament and no consensus on the shape of a Brexit deal among MPs. As a result, we think a general election is increasingly likely"
- Based on 4hr trend line break out + inverse heads and shoulders pattern price to still reach neckline and possible breakout for continuation
- DXY pullback from 97.70, although 4hr trend is bullish, daily trend line is bearish
- CS pound has seen significant strength, since Boris Johnson being elected as PM for now
- However “Like his predecessor, the new PM is likely to face an uphill battle given the divided parliament and no consensus on the shape of a Brexit deal among MPs. As a result, we think a general election is increasingly likely"
Trade closed: target reached