 |
| GBP/USD daily chart, source:FXDD.com |
cf. [GBP] Rising Sterling 2019 1018
EU President Jean Claude Juncker spoke England would leave EU on next January 31 and no more deal. English voted to Brexit in the referendum in 2016, but Brexit isn't yet. And the general election of England is hold on December 12.
Market has worried 'No Deal Brexit' but English Premier Boris Johnson lowered the risk of No-Deal. It supported sterling.
British benchmark interest rate, Official Bank Rate is release tomorrow. It is 0.75 percent and market participants expect it frozen.
Ahead of the meeting of Bank of England and the release of Official Bank Rate, Currency pair GBP/USD moves steady. It is 1.2876 as of 12:30(UTC).
But currency pair tries to build double-tops pattern in the daily chart. The pattern implies price falling. The price of pair rebounded since August and it's natural to think the correction.
GBP/USD has risen and faces 120 EMA(exponential moving average), which does as a resistance line. British pound tries to break through the resistance line but it doesn't succeed yet.
Easing no-deal Brexit risk supports sterling, but British economy is not as good as United States'. It seems that sterling will be corrected at 120 EMA.
e-mail - kmuk001@gmail.com
Telegram - @morgenluft
Telegram broadcasting - t.me/gjallarhorn_report
https://www.facebook.com/Gjallarhorn.report/
https://www.facebook.com/heimdallr999/
http://morgenluft.blogspot.com
Gjallarhorn, Heimdallr, GBP, pound, 걀라호른, 헤임달, 파운드화
No comments:
Post a Comment