GBP/USD @ A CONFUSION ZONE.........
GBP/USD @ A CONFUSION ZONE.........BUT TECHNICALLY .......LOOKING AT GBP/USD FOR LONG....
The pound has been flirting with the 1.30 hurdle against the US dollar on relief that Johnson-led negotiations will certainly not result in a chaotic Brexit by the end of this month.
The government published a 110-page Withdrawal Agreement Bill on Monday. Today, MPs will vote on whether they go ahead with Johnson’s Brexit bill. According to recent talks, Johnson has just enough support to pass his withdrawal bill through Parliament.
The pound’s destiny depends mostly on the withdrawal vote, given that if Johnson’s deal passes through Parliament, Europeans will likely forgive a minor delay in finalizing the divorce.
The pound has been flirting with the 1.30 hurdle against the US dollar on relief that Johnson-led negotiations will certainly not result in a chaotic Brexit by the end of this month.
The government published a 110-page Withdrawal Agreement Bill on Monday. Today, MPs will vote on whether they go ahead with Johnson’s Brexit bill. According to recent talks, Johnson has just enough support to pass his withdrawal bill through Parliament.
The pound’s destiny depends mostly on the withdrawal vote, given that if Johnson’s deal passes through Parliament, Europeans will likely forgive a minor delay in finalizing the divorce.
Trade active
The pound/dollar currency pair, drawing a vertical movement, reached the subsequent psychological level of 1.3000, where it sensed a resistance point in front of us and locally corrected us. It is likely to assume that the favour of buyers has not yet subsided enough, and this puts pressure on sellers. Thus, a temporary ambiguous chatter within 1.2835 / 1.2945 can form in the market
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.