The GBP dumped under the important support line at 1,27 which was since November part of a big triangle formation. This area is now strong resistance. I expect a small recovery up to 1,262 which is now resistance line from new down trend line. Here I will open a short position and take profit at in the chart drawn targets.
In the coming weeks Theresa May will lose her trust in the house of commons and most likely resign her job. Her successor will not really have a positive effect on the British economy. Boris Johnson in my opinion will contribute to the downfall of the UK economy because he is a defender of the hard Brexit.
In the coming weeks Theresa May will lose her trust in the house of commons and most likely resign her job. Her successor will not really have a positive effect on the British economy. Boris Johnson in my opinion will contribute to the downfall of the UK economy because he is a defender of the hard Brexit.
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The analyses provided are for informational purposes only and do not constitute financial advice or recommendations to buy or sell anything. The information presented is based on personal research and interpretation.
