The uncertainty with Brexit negotiations continue affect Pound, support level can be found around 1.3420, break below will deeper the bearish correction movement.
The uncertainty with Brexit negotiations continue affect Pound, support level can be found around 1.3420, break below will deeper the bearish correction movement.
The pair is ranging between 111.60 to 111.05 while risk remains on the downside. I'm expecting further decline if Usd/Jpy breaks out the range towards 111.00 level.
The pair maintain a strong bearish trend, immediate support around 111.90/112.00 and follow by 111.60/70, 111.50 is critical level on the downside, break below would lead to further decline.
Gbp/Usd reacted on the news that 40 members of the PM's Conservative party signing a letter of no confidence in Theresa May's leadership, opened the week with bearish gap and drop to around 1.3120 level. I'm expecting further decline on Pound.
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