GBP/USD
Johnson's resignation may reduce the degree of political uncertainty, which held back the growth of all trading assets involving the pound. Major speculators are just getting ready for strong action and are accumulating buying interest above the 1.20 zone and new buying interest is accumulating. There is still not enough foundation to break through the protection zone, but positive GDP statistics may turn out to be a strong factor for a new direction.
Johnson's resignation may reduce the degree of political uncertainty, which held back the growth of all trading assets involving the pound. Major speculators are just getting ready for strong action and are accumulating buying interest above the 1.20 zone and new buying interest is accumulating. There is still not enough foundation to break through the protection zone, but positive GDP statistics may turn out to be a strong factor for a new direction.
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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.