 |
| GBP/USD weekly chart, source: forexfactory.com |
One of the major currency pair GBP/USD declines this week. Early the week Sterling made the downturn pattern, double-tops pattern and slipped through the week. Brexit risk is heavy burden on Pound, now. On June 23, British people choose whether remain in European Union or not with the referendum. Until the decision is appeared, Pound seems to be under the decline risk.
In late the week, greenbacks turned upside and major currencies' prices declined against U.S. Dollar. Pound, too. But the risk of Brexit intensifies the margin of fall.
Technically weekly chart tells Pound is under the technical revision and support the upward trend line. Though it fell all the week, it has the sufficient margin of rebound.
But dealing Pound is looked inappropriate till the British people's choice.
source: http://cafe.naver.com/gjallarhorn/29
No comments:
Post a Comment