Hello, in this technical analysis the conduct of Sterling is so bullish for mid-term as short-term.
Studying the fundamentals, there are a nice favorable of this currency while the bad fundamentals for US Dollar. So, in Daily we are into the making a pull back and then I proyect that easily Sterling it''s can to reach at the mark of $1.28 USD, and why not to above of $1.30 USD. So, guys in mid-term we see a Sterling so bullish about the speculation of Brexit and UK is prepare about this speculation.
Now, in H4 timeframe we continue up and this morning I entry in the $1.2538 for long position until the $1.28 USD to find up 264 pips in some days.
So, Sterling Pound is so bullish so so but so bullish for mid-term about and based in my fundamentals that I write on my notebook.
So, the fundamentals to take in noticed is down here:
1. Fortnight lows for EUR to Pound Exhange Rate ahead of UK summer statement
2. EUR to Pound exchange rate steadies lower ahead of UK Chancellor's Statements
3. There are a fears of a second round of coronavirus infections continue to rise, and this is weighing on the EUR to Pound Sterling exchange rate.
4. But still, EUR outlook remains stronger than the pound outlook so these losses may prove temporary
5. Otherpoint is that EUR exchange ate steadying lower as market await European Union fund developments
6. Concerns that the coronavirus recovery won't be as much of a rebound as previously hoped have been withing on the EUR over the past week.
7. As signs of a secound wave amid surges of infections in the US and some parts of Australia, investors have been less optimistic about a global recovery.
8. Pound exchange rates edging higher on Brexit Speculation
9. Since last week, fresh speculation that UK-EU relationship about the brexit negotiations is could see productive developments this month have been supporting sterling
10. Pound to US Dollar exchange rate dips as risk sentiment of drops on rising US covid 19 cases more yet.
So, in my conclusion, that fundamentals make a Pound so bullish then another pars:
1. EUR/GBP: Bearish sentiment
2: GBP/USD: Bullish sentiment
3: GBP/JPY: Bullish sentiment
4: GBP/AUD: Bullish sentiment
5: GBP/CAD: Bullish sentiment
So, technically are bullish the GBP all pars, but some important that maybe of these list there are not bullish, but some important is always to make a technical analysis. But in based on fundamentals, GBP is so bullish for mid-term about the bad news that leave of US covid 19, speculation of brexit is prepared to trade the UK and European Union relationship, and othepoint to take in noticed!!!
Studying the fundamentals, there are a nice favorable of this currency while the bad fundamentals for US Dollar. So, in Daily we are into the making a pull back and then I proyect that easily Sterling it''s can to reach at the mark of $1.28 USD, and why not to above of $1.30 USD. So, guys in mid-term we see a Sterling so bullish about the speculation of Brexit and UK is prepare about this speculation.
Now, in H4 timeframe we continue up and this morning I entry in the $1.2538 for long position until the $1.28 USD to find up 264 pips in some days.
So, Sterling Pound is so bullish so so but so bullish for mid-term about and based in my fundamentals that I write on my notebook.
So, the fundamentals to take in noticed is down here:
1. Fortnight lows for EUR to Pound Exhange Rate ahead of UK summer statement
2. EUR to Pound exchange rate steadies lower ahead of UK Chancellor's Statements
3. There are a fears of a second round of coronavirus infections continue to rise, and this is weighing on the EUR to Pound Sterling exchange rate.
4. But still, EUR outlook remains stronger than the pound outlook so these losses may prove temporary
5. Otherpoint is that EUR exchange ate steadying lower as market await European Union fund developments
6. Concerns that the coronavirus recovery won't be as much of a rebound as previously hoped have been withing on the EUR over the past week.
7. As signs of a secound wave amid surges of infections in the US and some parts of Australia, investors have been less optimistic about a global recovery.
8. Pound exchange rates edging higher on Brexit Speculation
9. Since last week, fresh speculation that UK-EU relationship about the brexit negotiations is could see productive developments this month have been supporting sterling
10. Pound to US Dollar exchange rate dips as risk sentiment of drops on rising US covid 19 cases more yet.
So, in my conclusion, that fundamentals make a Pound so bullish then another pars:
1. EUR/GBP: Bearish sentiment
2: GBP/USD: Bullish sentiment
3: GBP/JPY: Bullish sentiment
4: GBP/AUD: Bullish sentiment
5: GBP/CAD: Bullish sentiment
So, technically are bullish the GBP all pars, but some important that maybe of these list there are not bullish, but some important is always to make a technical analysis. But in based on fundamentals, GBP is so bullish for mid-term about the bad news that leave of US covid 19, speculation of brexit is prepared to trade the UK and European Union relationship, and othepoint to take in noticed!!!
Trade active
At the moment, the expectative of GBP is so bullish in the mid-term, also the possibility to continu up is fascinating to earn pips in this par as GBP continue strenghten of all par, also that par it's could so bullish as US covid 19 cases continue in USA, that'll benefit the sterling!!!
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.