GBPUSD looks negative in the near-term, while in the medium-term the picture is seen bearish unless the price breaks above the descending channel, Pound under pressure because of uncertainty in the market of NEW PM.
Once new PM-elect market could relife near term uncertainty and short term GBP bullish but coming months bearish due to Brexit.
Price Holding Multi-month support level 1.2380 where price bounce many time. Below 1.2375 open doors towards 1.2310 and 1.2240 follow. Above 1.2610 prices could go high next key resistance 1.2740.
Support Levels:
S-1 = 1.2440
S-2= 1.2385
Resistance Level:
R-1 =1.2540
R-2 =1.2625
http://prntscr.com/oif5ml
Please like, share/follow us and get daily/weekly/ monthly Analysis.
If you like the idea, please push like and subscribe, it motivates me to post ideas more often.
Once new PM-elect market could relife near term uncertainty and short term GBP bullish but coming months bearish due to Brexit.
Price Holding Multi-month support level 1.2380 where price bounce many time. Below 1.2375 open doors towards 1.2310 and 1.2240 follow. Above 1.2610 prices could go high next key resistance 1.2740.
Support Levels:
S-1 = 1.2440
S-2= 1.2385
Resistance Level:
R-1 =1.2540
R-2 =1.2625
http://prntscr.com/oif5ml
Please like, share/follow us and get daily/weekly/ monthly Analysis.
If you like the idea, please push like and subscribe, it motivates me to post ideas more often.