GBPUSD : Current Situation & Technical , Fundamental View
#GBPUSD
- Currently the MARKET SENTIMENT for EUR is on the DOWN SIDE. The main reason for that is that all MARKETS including STOCKS and STOCKS are DOWN due to MARKET RISK OFF. It affects the POUND greatly.
- Definitely, GBPUSD can fall to the SUPPORT LEVEL below. The reason for that is because there is a good UP SIDE BIAS in the MARKET for USD. Accordingly, GBPUSD can go down until the 1.1663 level. And after that, if the TREND LINE is BREAKED, GBPUSD can be BUY to the 1.2666 LEVEL if the MARKET SENTIMENT changes and STOCKS and COMMODITIES start going UP. So keep an eye on it
- Currently the MARKET SENTIMENT for EUR is on the DOWN SIDE. The main reason for that is that all MARKETS including STOCKS and STOCKS are DOWN due to MARKET RISK OFF. It affects the POUND greatly.
- Definitely, GBPUSD can fall to the SUPPORT LEVEL below. The reason for that is because there is a good UP SIDE BIAS in the MARKET for USD. Accordingly, GBPUSD can go down until the 1.1663 level. And after that, if the TREND LINE is BREAKED, GBPUSD can be BUY to the 1.2666 LEVEL if the MARKET SENTIMENT changes and STOCKS and COMMODITIES start going UP. So keep an eye on it