Skype: Signal2forex / Whatsapp: +79065178835
0$0.00

No products in the cart.

GBPUSD Falls Despite Article 50 Extension

With parliament supporting an extension of the Brexit date, market participants expected to see prices reacting positively to the critical news. Instead, the pair fell from a 9-month high of $1.3380, plummeting over a hundred pips against the dollar. Perhaps investors don’t think PM May’s suggestion of a June deadline will be enough.

Should we Expect a Rise?

GBPUSD ($1.3250): Pound was rejected near $1.3224 on Thursday. As a previous high, this level is likely to maintain the bullish bias intact. However, the bearish divergence seen on the MACD could push prices lower for a deeper correction. From a bullish perspective, there is room to move higher towards the $1.34 and $1.3540 extensions. This would complete wave (v) of the impulse upside wave.

– advertisement –


Signal2forex reviews