GBPUSD : All The Focus Is on The U.S Election
The US election is keeping all markets under a lot of pressure.
The whole focus is on who will win the election because it will also determine the fate of the currency for the next 2 years.
It will be interesting and very dangerous at the same time.
Technical Analysis:
Price is developing a large contracting pattern with the actual data that we actually have.
Chances are it could go higher given that the market is focused on a Republican victory this time.
The first and strongest resistance will be near 1.1720
After this point, anything can happen.
Thank you and Good Luck!
The US election is keeping all markets under a lot of pressure.
The whole focus is on who will win the election because it will also determine the fate of the currency for the next 2 years.
It will be interesting and very dangerous at the same time.
Technical Analysis:
Price is developing a large contracting pattern with the actual data that we actually have.
Chances are it could go higher given that the market is focused on a Republican victory this time.
The first and strongest resistance will be near 1.1720
After this point, anything can happen.
Thank you and Good Luck!
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