We have recently broken above the downtrend line. I think the 1.30 price level will start to offer a strong support, just as the previous downtrend line will. I will be looking for a Take Profit at the 1.35 level.
If the Brits get a decent deal - which is possible as the EU are beginning to see the negative impacts of a bad Brexit deal or even worse no deal - you may see traders picking up the Sterling for a major move higher.
I believe that soon we will get some type of resolution to the Brexit negotiations, seeing as Theresa May has hinted a potential deal with Brussels is close by, This will be reason enough for the British pound to rally.
Remember - Losses can exceed your initial investment, so trade carefully with the use of risk management. Good luck!
If the Brits get a decent deal - which is possible as the EU are beginning to see the negative impacts of a bad Brexit deal or even worse no deal - you may see traders picking up the Sterling for a major move higher.
I believe that soon we will get some type of resolution to the Brexit negotiations, seeing as Theresa May has hinted a potential deal with Brussels is close by, This will be reason enough for the British pound to rally.
Remember - Losses can exceed your initial investment, so trade carefully with the use of risk management. Good luck!
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.