The Pound has been very bullish over the last couple of weeks but it has hit a major resistance level the has been consistent for several weeks.
I expect the pound to test this area with fakeouts before revealing its true direction
I would only test and scalp the pound for a short time interval until a more clear direction emerges
UK Stocks seem to be on a pending downward trajectory and that could have an affect on the British currency technically.
The Idea is that confidence surrounding GB and its currency should wain as well as a result of sentiment related to the top UK stocks.
Lets wait and see what the powers that be and economic factors decide before we commit to a bias
A lot of uncertainty is happening with my analysis here, - n' is supposed to cause a bearish move but we have an active demand area 129.9.
Alright, the BXY is Neutral .
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At this profile page, the shared analysis, ideas and also, the strategy of a chart belong to Khiwe. The technical set-ups are speculative, they are not guaranteed for accuracy or in...
BXY maxed out at 134.0 and now it's aiming 125.5. The AUD and Oil will pick up, so, the fundamentals over the RBA will be important.
Bearish interests BXY D.
All of my market shared technical set-ups are speculative, they are not guaranteed for accuracy or in completeness in the form of any content. At this profile page, the analysis, ideas and also, the...
