GBP/USD – Week 2 – Pound under pressure
Updated
Last week at the market open, the British Pound made a new high, but then started to slightly depreciate against the U.S. Dollar. At the moment, we are in the middle of a parallel channel with the price expected to break the top once more. As it stands, we will closely watch the price action while it unfolds, and we will be looking for a bearish move which can go to the 1.32 levels in the near future.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
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The Pound will get weaker soon
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