Though the pound is undervalued across the board and screaming for a move higher i still believe small range consolidations and retracements are always possible at these lows. This is not investment advice.
Tensions are likely to increase further with China's proactive actions in Hong Kong, Huawei, Trade issues and the ongoing pandemic. New tariffs on chinese goods, amid already strained relations, would likely prompt the Chinese to devalue.
BEARISH OVERALL BUT BETTER SELLS SHOULD BE ESTABLISHED ON RETRACEMENTS.
PRICE IS RESPECTING 1740 BUT A BETTER SALE COULD BE ESTABLISHED AFTER BETTER ENTRY SIGNAL FORMS.
PLEASE NOTE THAT THIS IS NOT INVESTMENT ADVISE.
PLEASE DO NOT CONSIDER THIS INVESTMENT ADVICE RATHER MY OPINION..
PLEASE DO NOT CONSIDER THIS INVESTMENT ADVICE, ITS JUST HOW I ANTICIPATE THE NEXT MOVE!
selling because of overall trend etc