GBPUSD formatting 4H head and shoulder to drop soon
as it is obvious short candles are getting stronger too .
and any high is opportunity for sell and long term of GU is lower than 1.29 support line
fundamental:
The Brexit deal has failed to have any major effect on the exchange rate of the pound since January 1. The pound has held steady against the US dollar at US$1.36 and has strengthened slightly against the euro to €1.12. This was very much consistent with the modest expectations of the markets. But what about the longer term?
According to the research center UK in a Changing Europe, the effect of Brexit on the economy is expected to emerge slowly, but to be permanent. The
Centre estimates that UK’s economy will shrink by a total 4.9% over 15 years..
comment and share for support thx trader .
and any high is opportunity for sell and long term of GU is lower than 1.29 support line
fundamental:
The Brexit deal has failed to have any major effect on the exchange rate of the pound since January 1. The pound has held steady against the US dollar at US$1.36 and has strengthened slightly against the euro to €1.12. This was very much consistent with the modest expectations of the markets. But what about the longer term?
According to the research center UK in a Changing Europe, the effect of Brexit on the economy is expected to emerge slowly, but to be permanent. The
Centre estimates that UK’s economy will shrink by a total 4.9% over 15 years..
comment and share for support thx trader .