Dear Friends,
I was done my Reseach on GBPUSD. Mostly This month will be a Red Month for GBPUSD. There is few reasons below.
1. Already in Yearly high price and 5 month continuously Green candle in month timeframe.(now Bear love to short it)
2. The price moved away from the Value of Area. So The price adjust itself to come to the value of area(where the bull like to buy)
3. Dollar price (DXY indices) will up this month. Due to oil prices and US new government policies.
4. After Brexit GBP needed to settle down for while since UK needed to make more policies reformation.
5. UK annual Budget(Today) is going to release. After that release I personally believe there will be strong down fall.( all expection will get over)
Fundamental & techical both not good for GBP. The present trend is Bullish with correction. But the future trend will be starting Bearish for GBP.
Iam personally short my poistion in GBPUSD. I not advise you to do the same. But Do your own Research and confirm my information.
Regards,
Ganesh G
MARKET GM
I was done my Reseach on GBPUSD. Mostly This month will be a Red Month for GBPUSD. There is few reasons below.
1. Already in Yearly high price and 5 month continuously Green candle in month timeframe.(now Bear love to short it)
2. The price moved away from the Value of Area. So The price adjust itself to come to the value of area(where the bull like to buy)
3. Dollar price (DXY indices) will up this month. Due to oil prices and US new government policies.
4. After Brexit GBP needed to settle down for while since UK needed to make more policies reformation.
5. UK annual Budget(Today) is going to release. After that release I personally believe there will be strong down fall.( all expection will get over)
Fundamental & techical both not good for GBP. The present trend is Bullish with correction. But the future trend will be starting Bearish for GBP.
Iam personally short my poistion in GBPUSD. I not advise you to do the same. But Do your own Research and confirm my information.
Regards,
Ganesh G
MARKET GM