After seeing the sterling pound very strong against USD in terms of commitment in the past two months, reaching 1.3500 key level, two weeks ago this pair started a big drop due to macroeconomic issues related to Brexit agreement and COVID-19 development. Always that there´s some type of uncertainty, investors try to safe their money in non-risk currencies and commodities (metals), thats why in the past years, the USD dollar has been a very safe-haven asset winning the purchasing battle against all major currencies.
Talking about the technical point of view of the chart, we were in a overbought level with all the divergences activated in oscilators whispering a retracement in one moment to another (Wave A).
Now, the price is insituating weakness in order to reach upper levels ( Wave B couldn´t pass through 38.2% Fibonacci Retracement level), meaning that it could drop more until the lower support in 1.2600 with a high probability.
Good luck traders,
Talking about the technical point of view of the chart, we were in a overbought level with all the divergences activated in oscilators whispering a retracement in one moment to another (Wave A).
Now, the price is insituating weakness in order to reach upper levels ( Wave B couldn´t pass through 38.2% Fibonacci Retracement level), meaning that it could drop more until the lower support in 1.2600 with a high probability.
Good luck traders,
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。