15-min chart pattern - sideways channel - 1.3165-1.3056
At the moment, there is little hint of a bullish/bearish move on charts.
Hence, it is advisable to play the breakout. Above 1.3165 we could go to 1.3315 (23.6% of 1.5019-1.2789). On the other hand, below 1.3056, the spot is likely to test 1.29 levels.
UK preliminary estimate of Q2 GDP is likely to show growth rate ticked higher to 2.1%. But remember, this GDP represents most of the pre-Brexit period. Hence, uptick in GBP may receive little attention from the markets.
At the moment, there is little hint of a bullish/bearish move on charts.
Hence, it is advisable to play the breakout. Above 1.3165 we could go to 1.3315 (23.6% of 1.5019-1.2789). On the other hand, below 1.3056, the spot is likely to test 1.29 levels.
UK preliminary estimate of Q2 GDP is likely to show growth rate ticked higher to 2.1%. But remember, this GDP represents most of the pre-Brexit period. Hence, uptick in GBP may receive little attention from the markets.
Related publications
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.
Related publications
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.