From a technical point of view
You can see a good strong buy trend in GBPUSD 4H Day Chart. Looking at the big picture of Monthly, it's been on a big sell trend since July 2014.
But it shows us a good buy trend on the important day and on the 4h chart
Fundamental analysis
These days, GBP is also moving with some uncertainty due to brexit. The USD has weakened sharply due to the stock market and Risk ON
We can get a good idea of the market conditions on Monday. Also, if there is no bad news about market risk and Brexit, we can go for a Buy
You can see a good strong buy trend in GBPUSD 4H Day Chart. Looking at the big picture of Monthly, it's been on a big sell trend since July 2014.
But it shows us a good buy trend on the important day and on the 4h chart
Fundamental analysis
These days, GBP is also moving with some uncertainty due to brexit. The USD has weakened sharply due to the stock market and Risk ON
We can get a good idea of the market conditions on Monday. Also, if there is no bad news about market risk and Brexit, we can go for a Buy
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.
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.