Chart of the day GBPUSD
GBPUSD Two-way trade is Likely to price way
“The market is waiting to see a new round of trade negotiations between the EU and the United Kingdom this week. The recent upturn in the underwriting interest and support in the performance of the pound. Growth stabilized, perhaps the 100-day average of 1.257 to the US dollar in the short-term or a test, the high or 1.264, April 30, and the low, or 1.29 on may 29. Sterling continues to strengthen, with other high-risk currencies, closing 0.5% higher against the US dollar to 1,255, a one-month high, and once broke the 1.26 mark this morning. A spokesman for the British Prime Minister, pointed out that it is the desire to think of the European Union to compromise-fishing-and-fair-competition-in trade negotiations. UK property prices fell by 1.7% in month-on-month in September, the biggest decline since 2009. The US dollar index under pressure, the closure of 0.2%, 97.7. It fell for the fifth time in the last six trading days. It is more than 0.2%, fell to 97.4 this morning, setting a new low since mid-March. U. S. 10-year Treasury securities rose by almost 3 basis points to 0.685%.
The latest CFTC figures show an increase in short positions as a British EU exit concerns re-emerged, and the chances of a negative Bank of England, the price attracted fresh selling. In spite of the negative, GBPUSD, benefits from a weaker dollar in Friday’s close, recorded back-to-back in the bull hotel. This week, a further round of talks between the UK and the European Union to any extent, and although the market’s optimism for an agreement by the end of the month, low, and an excessively short sterling market has been pressed.
From a technical and commercial perspective, GBPUSD is set to test a supply zone at and just above 1.2650, the bears are just now emerging for intraday/daily reversal formations here. The Short exposure time should be rewarded to test for such signals a move to the monthly pivot, and the ascending trend line support, supporting back, ultimately, to the challenge of the long-awaited 1.28 upside target. A daily close above 1.2650, the pullback of work and open to a move would eat up to directly challenge-in-the-1.28 the objective of
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