Brtain's uncertainty remains heavy on the Pound
With Boris Johnson's new position as a PM, the Pound took heavy losses, as no-deal Brexit started to weigh again on the currency. Europe is not taking Boris seriously at all and leaders are not showing sign of bending to his will.
Although the bearish pressure, I incline to think that some of the pressure will be lifted short - term. Current support is at 1.21174.
I expect some movement upwards towards the 1.23825 - 1.24268 zone before the downtrend resumes inline towards 1.20478.
Although the bearish pressure, I incline to think that some of the pressure will be lifted short - term. Current support is at 1.21174.
I expect some movement upwards towards the 1.23825 - 1.24268 zone before the downtrend resumes inline towards 1.20478.
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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.