Let's find out the trading opportunities for this week.
Tag - gbp
The pair is likely going to reach the closest resistance at 1.2885. If a pullback from this level happens next...
The moves of the main pairs
Considering the last 'Thorn' pattern, the pair is likely going to test the nearest resistance at 0.8860 - 0.8885...
GBP/JPY is testing levels below the support of the last 4 trading days at 139.50.
Check the moves of GBP/JPY, EUR/USD and USD/CAD.
The pair is likely going to achieve the nearest support at 139.42 - 138.13...
What currencies to consider this week…
No matter what the economic figures from the UK look like, the GBP is under the heavy weight of Brexit.
The pound is affected by Brexit uncertainty and may slide even lower.
There's a 'V-Bottom' pattern, which led to the current upward price movement…
The trading action today will mostly be driven by the news and the sentiment…