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Britain Is About To Lift Their Last COVID Restrictions, GBPUSD Remains Bearish.
【Strategic】
Investors who are conservatives shall observes and wait. Investors are radical can consider marginal Short when the market price is below 1.3338. Take profit at 1.3183, and Stop loss at 1.3426.
【News】
The British government announced that it will coexist with the coronavirus. Those who test positive for the coronavirus in England do not need to be quarantined, which has caused serious concerns among health experts. British companies have followed the Western sanctions against Russia and have announced decoupling from Russian companies, it will bring a lot of losses to themselves. If the British government does not have an appropriate compensation plan, the recovery of the British economy might slow down.
【Technical】
In the H4 chart, the probability of the K-line trend completes a double-top callback pattern, which is conducive to a bearish layout. The KD indicator descending and it leads to a bearish perspective. The overall probability is a volatile session and have the chances to pullback.
*Information above belongs to 3rd party media comments, can only be used for references and doesn’t represent our platform’s opinion. Investors should maintain sole-determination, self-evaluation required and be responsible for their own action.
(*Remark: market price aforementioned is limit to the pricing in vicinity to when the article is published, the outdated pricing may or may not be the best for good)
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