GBP/USD, possible outcomes
After hearing the news about prime minster Boris we can expect the market to open with a gap.
potentially more to the upside then not, if this happens price could either come back and retest the current resistance level or head back down and keep it as a resistance zone and reject it to continue to the downside throughout next week.
We will have to keep a close eye on what price does around these levels as fundamentals will be taking place in this pair and we dont want to get stopped out by a spike to one specific direction.
Thanks, trade safe
potentially more to the upside then not, if this happens price could either come back and retest the current resistance level or head back down and keep it as a resistance zone and reject it to continue to the downside throughout next week.
We will have to keep a close eye on what price does around these levels as fundamentals will be taking place in this pair and we dont want to get stopped out by a spike to one specific direction.
Thanks, trade safe
Aviso legal
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