GBP is currently at a very important level. -61% of fib-
It is obviously trending downward, but the sentiment on this pair is still very bullish.
74% of GBP traders at net long according to IG sentiment data. The trend usually goes against the sentiment, but sometimes it works.
If the Cable holds a current level and bounces from here, we may see a complete ABCD cycle before the Brexit. -Point "D" meets absolute downtrend line colored in red-
It is obviously trending downward, but the sentiment on this pair is still very bullish.
74% of GBP traders at net long according to IG sentiment data. The trend usually goes against the sentiment, but sometimes it works.
If the Cable holds a current level and bounces from here, we may see a complete ABCD cycle before the Brexit. -Point "D" meets absolute downtrend line colored in red-
Note
1.268XX looks like an ideal target for the bull-run with U.K. and Irish are working on the pathway to a possible Brexit deal
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.