GBP/USD Cable Short- Brexit Causes Sterling Tumble or does USD?
GBP/USD has Fallen Nearly 300+ pips Since Rejecting 1.4000. THis Pair has now seen quite a divergence between the moving Averages as the new Fed Chair Powell Preaches hawkish overtones about Fed Hikes and Market Exhuberance. WIll The Cable Fall Again to Post Brexit Levels Yet Again?
Looking at the chart techincally, we can see that the Weekly Ascneding Trendline is currently being tested as the pair consolidates around the weekly mid range level of 1.3750. A confirmed break below would indicate a potential short oppurtunity however lets not rule out any retracements as the pair has had a massive fall in the past few days!
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Looking at the chart techincally, we can see that the Weekly Ascneding Trendline is currently being tested as the pair consolidates around the weekly mid range level of 1.3750. A confirmed break below would indicate a potential short oppurtunity however lets not rule out any retracements as the pair has had a massive fall in the past few days!
Related Tickers
FXB
DXY
GBPUSD