This article was posted on Tuesday, 17:17, UTC.
GBP/USD: Short-Term Sell GBP/USD, Daily Chart Analysis The Pound might be facing a volatile period following the strong advance of the past three weeks, as the Brexit process enters its next phase tomorrow. The technical setup also shows a possible short-term trend change as the pair hit resistance near the 1.26 level, which corresponds with the declining upper boundary of the bearish wedge pattern on the daily chart. Traders with long positions could take some profits here even if they think that a bullish break-out from the long-term formation is likely. Short-term traders have a low-risk opportunity to enter short…
// -- Discuss and ask questions in our community on Workplace
. Don't have an account? Send Jonas Borchgrevink an email -- //
Important: Never invest money you can't afford to lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here.
Feedback or Requests?
Receive New Posts on Email:
Trader and financial analyst, with 10 years of experience in the field. An expert in technical analysis and risk management, but also an avid practitioner of value investment and passive strategies, with a passion towards anything that is connected to the market.