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The pound sterling is highly appreciated during the trading session on Wednesday to reach the psychologically important level of 1.2250. This is an area that continues to attract a lot of attention and, beyond that, a 50-day EMA is connected to it. That being the case, I think that there will be many sales opportunities above, and at the first sign of exhaustion, I am more than willing to bypass this market. In the end, I think we're going down to 1.20. That being the case, it is likely that we will continue to decline.
GBP / USD Video 05.09.19
If we exceeded the 50-day EMA threshold, we could reach the 1.25 level, which would provide quite a lot of resistance, I think. A break above this margin could change the overall outlook for this market, but in the meantime, I still prefer to avoid rallies, what we can rely on with the pound sterling and, of course, Brexit suggests many negative points. the titles that come in and cause problems. That being so, I am trying to bypass this market and aim for the 1.20 level. A fall below it resorbs at level 1.18, then at level 1.15 thereafter. All else being equal, I continue to dampen rebounds and look for signs of depletion, with the US dollar being one of the largest and most successful currencies.
Please let us know what you think in the comments below
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