Technical view:
* A/D ratio on a small rise, but lagging with price - stepping into distribution phase;
* Money Flows are slowing down, overbought territory
* CM TOP/BOTTOM in strng ovebrought zone - top is forming;
Fundamental view:
* Brexit talks give no effect to the Pound (for now), rates also do not apply such an effect. Rates in UK are lower than in the US;
* British economy still holding despite the lockdown and the overall negative impact from the COVID-19 outbreak;
We have reached some top levels here and a possible short position may be taken towards 1.32030.
* A/D ratio on a small rise, but lagging with price - stepping into distribution phase;
* Money Flows are slowing down, overbought territory
* CM TOP/BOTTOM in strng ovebrought zone - top is forming;
Fundamental view:
* Brexit talks give no effect to the Pound (for now), rates also do not apply such an effect. Rates in UK are lower than in the US;
* British economy still holding despite the lockdown and the overall negative impact from the COVID-19 outbreak;
We have reached some top levels here and a possible short position may be taken towards 1.32030.
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.
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.