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GU Leadership day. Sunack vs TrussToday at 1130 we expect the results of the conservative leadership race. Sunack vs truss. Truss is the obvious favourite to win but she is bad for GBP. her polices are inflationary and she can't understand that lowering taxes and increasing the money supply will further cause inflation. the UK economy is already expected to see 13-16% inflation by April 23. honestly the UK is on its way for a serious economic downturn in my opinion., complete lack of leadership investment and now either way we go 90% of the British public don't want either of these running the show. but then again who else would do it. we don't exactly have a leader in the Labour Party either. anyway going off topic. I expect as we are approaching the floor GU has never broken below I expect buying pressure. there's also the 4th touch trend line support in the same area and we have had continued selling pressure prior to the news. is this going to be a sell the rumour buy the news. more than likely in my opinion. for that to happen you would need Sunack to win. although this may be against the odds I could see this happening. ill be buying at 1.14190 and closing at 1.15850 if not sooner depending on outcome
by JamesFlem
1
GBP/USD seems bullyThis pair is different of EU. But still the same things gonna happen here. We are in strong downtrend here, but local downtrend almost broken. We crossed the 200 EMA up and hit 2 trend lines. SO, here we go. We have a great setup to trade. If we brake our downtrend lines we can open buy and next stap is far away near the 1.24. If we bounce off it down, so we won again :) We just put short here immediately and our target is 1.20 at first, and 1.18 at second. I love such a weeks where you can trade using only simplest TA))) But keep focus, because this is the market and no one can handle it. Even trendlines and EMA)) Best regards, yours Fridrex.
by Fridrex