the gbp / usd pair is making good progress in the late afternoon, with a recent summit in 1.3266 1.3123 after a trough in the early afternoon.
the reason for this is in the news all of a sudden event, with information according to which the eu would give a “transition period” for two years in great britain as part of the brexit, provided that the country fulfils the obligations of the eu.
this information suggests a brexit smoothly, which is clearly the gbp on the forex, a rally of about 150 pips in the few hours that afternoon.
from the point of view of the graph, the threshold of 1.3260 could appear as a resistance in the short term, until a threshold is more important on a psychological barrier 1.3280, and shortly after on november. the increase in this afternoon, in spite of its size, has not led to significant new levels for the time being, suggesting opportunities for sales, now that the rally is over.
the decrease potentisl materials are 1.3180), and 1.3120.
gbp / usd pair. currently, the 1.3245 orbits on the forex.
gbp / usd h1 chart
this graph has been produced with the trading platform provided by tradingstation 2.
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