Hi traders,
First week back to the markets, we have some big fundamental news come out during the trading week. US and Iran tensions have spilled out into military aggression.
I consider the GBP to be a long only asset so with all the uncertainty a consolidation pattern has formed. Plays to the downside are limited in strength.
The stochastic indicator shows bullish and a cross above the monthly pivot(13220) will be the signal to buy.
Kind regards,
Aardall
First week back to the markets, we have some big fundamental news come out during the trading week. US and Iran tensions have spilled out into military aggression.
I consider the GBP to be a long only asset so with all the uncertainty a consolidation pattern has formed. Plays to the downside are limited in strength.
The stochastic indicator shows bullish and a cross above the monthly pivot(13220) will be the signal to buy.
Kind regards,
Aardall