Firstly: As a Londoner myself, it is deeply distressing to know of the recent terror attacks at London Bridge + Borough Market. My heart goes out to all those that have lost their lives to cowardly acts of terrorism that try to cause separation within our nation and everywhere around the world. Technicals: On the 10th of May 2017 price reached 1.30309 forming a...
This pair has broken above the 200 day MA - and really, I firmly believe that the Brexit overall us going to be good for the pound in the long run. As long as this pair remains above the 200 day moving average now, and doesn't break below 1.42700 I'll be holding long term. If you would like to get some more analysis and some signals you can always get them...
Finding previous tested support. It's either a breakout short or reversing upwards. It seems to be indicating oversold, but I'm hesitant to storm in before it's confirmed. GBP is not strong, macro economic wise. Keep an eye out for GBPCHF.