Minor pullback
Over all trend bullish
The decisive election win by the Conservatives should pave the way for the UK to leave the EU next month, after years of uncertainty surrounding Brexit. The pound posted sharp gains last week and could pad these gains this week.
GBPUSD
GBPUSD surged last week, gaining 1.5 percent. The pair briefly climbed above 1.35 line, for the first time since May 2018, before retreating. The upcoming week is very busy, with plenty of events to fit in before Christmas week. Here is the for the technical analysis for GBP/USD.
Over all trend bullish
The decisive election win by the Conservatives should pave the way for the UK to leave the EU next month, after years of uncertainty surrounding Brexit. The pound posted sharp gains last week and could pad these gains this week.
GBPUSD
GBPUSD surged last week, gaining 1.5 percent. The pair briefly climbed above 1.35 line, for the first time since May 2018, before retreating. The upcoming week is very busy, with plenty of events to fit in before Christmas week. Here is the for the technical analysis for GBP/USD.