GBP/USD - Breakout may happen this week

On the weekly chart, we can see two falling trend lines - Blue and red.

  • At 1.4660, the spot is back above blue trend line, but still needs to take out red rising trend line.

  • Note that blue trend line was breached quite a few times on day end closing basis, but on the weekly closing basis the resistance stayed intact.

  • However, the breakout may happen this week. Popular opinion is that Uk staying in EU would boost Pound and gilt yields and vice versa.

  • Either we would have a clear breakout or a failure which would indicate sell-off.
CurrenciesForexGBPUSDtrading
TipTVFinance

相关出版物

免责声明