GBPUSD
Reaction to the two rounds of the election of a new prime minister can be considered weak − the pair remains in a strong range of 1.2050−1.1750. Statistics of the current week are unlikely to give a strong enough impulse to break through the borders. The balance of volumes is still shifted to the sales zone and any political negativity can drop the pound below the protection zone of 1.1750/00 by 1.5−2 figures.
Reaction to the two rounds of the election of a new prime minister can be considered weak − the pair remains in a strong range of 1.2050−1.1750. Statistics of the current week are unlikely to give a strong enough impulse to break through the borders. The balance of volumes is still shifted to the sales zone and any political negativity can drop the pound below the protection zone of 1.1750/00 by 1.5−2 figures.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.