GBP/USD towards 1.20, its historic low
The GBP is likely to move towards its all-time low of 1.20 against the US dollar. This short-term movement is clearly correlated with the 4-6 month downtrend of the Euro, the bullish trend of the US dollar and equity markets, and the downtrend of commodities.
Strategy
We are averaging short term from our long-term bearish positions with a market entry.
Expected drop: -7%.
Horizon: 5-6 months, Apr19
Technically
The price is in an <MM70 position; the MM70 is <MM210, and both are about to be bearish together, a very bearish sign on the weekly and monthly chart. The RSI is in a bearish trend at an approximate level of 34 and could go to 24.5.
Strategy
We are averaging short term from our long-term bearish positions with a market entry.
Expected drop: -7%.
Horizon: 5-6 months, Apr19
Technically
The price is in an <MM70 position; the MM70 is <MM210, and both are about to be bearish together, a very bearish sign on the weekly and monthly chart. The RSI is in a bearish trend at an approximate level of 34 and could go to 24.5.
פרסומים קשורים
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.