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GBP (GBP/USD) 30th July 2019

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  • GBP (GBP/USD) 30th July 2019

    GBP Index has come under pressure this week due to NO-DEAL risks. Keeping an eye on the GBP index does show we are at an index supported area for the GBP.

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    GBP/USD Weekly - As we can see the WEEKLY is near a supportive weekly area. If it fails to climb above this and looks for lower support we could see the 1.20/19 handle play. If that fails to hold that would be GBP/USD at an ATL (All Time Low)

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    GBP/USD Daily - As you can see DAILY is playing with that supported area from around 21st March 2017. Break of this could lead us down to the 1.20/19 area.

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