Hi traders,
The GBP looks very weak at these levels, it makes sense because the global economy is slowing down so the prospect of a successful Brexit becomes unlikely. The market is pricing in a weaker British economy.
We can expect this asset to consolidate or pullback as we had strong buying at the 127000 area. This asset is a short into pullbacks, keep eyes on the monthly pivot .
All the best,
Aardall
The GBP looks very weak at these levels, it makes sense because the global economy is slowing down so the prospect of a successful Brexit becomes unlikely. The market is pricing in a weaker British economy.
We can expect this asset to consolidate or pullback as we had strong buying at the 127000 area. This asset is a short into pullbacks, keep eyes on the monthly pivot .
All the best,
Aardall