The USD became more robust against all the major currencies during the American season yesterday after Powel's comments. But it didn't last long.
The Pound continues to consolidate after French President Emmanuel Macron shared his Brexit-positive idea with the press. France Prepares Proposals For Deal With EU on Migration Less Than A Week After Slamming UK Premier". So it could be good news for the GBP traders If Borish Jhonson doesn't ignore it.
Technically, GBP/USD created a fake breakout yesterday. But it closed above the divergence trend line support. But GBP/USD still has not confirmed the buy setup because of another descending trend line. If GBP/USD can break and stable above 1.3375, it will ruin the descending trend line and confirm the buying trend.
So, after breaking above, we can go for long and stop out should below the divergence support trend line nearly 1.3175 price zone.
And first target zone should be at 1.3575, next 1.3675, and finally 1.3800.
The Pound continues to consolidate after French President Emmanuel Macron shared his Brexit-positive idea with the press. France Prepares Proposals For Deal With EU on Migration Less Than A Week After Slamming UK Premier". So it could be good news for the GBP traders If Borish Jhonson doesn't ignore it.
Technically, GBP/USD created a fake breakout yesterday. But it closed above the divergence trend line support. But GBP/USD still has not confirmed the buy setup because of another descending trend line. If GBP/USD can break and stable above 1.3375, it will ruin the descending trend line and confirm the buying trend.
So, after breaking above, we can go for long and stop out should below the divergence support trend line nearly 1.3175 price zone.
And first target zone should be at 1.3575, next 1.3675, and finally 1.3800.
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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.