On it's way to testing the top of the ascending channel, what could happen next?
a) Breaks through 138.000 and goes to test 138.277
b) Reverses, comes down to test the bottom of the ascending channel before breaking through and becoming bearish
Fundamental analysis tells us that GBP is going to weaken due to brexit negotiations AND the UK heading back into a 2nd lock down which will damage the economy once again. THINK SHORT!
a) Breaks through 138.000 and goes to test 138.277
b) Reverses, comes down to test the bottom of the ascending channel before breaking through and becoming bearish
Fundamental analysis tells us that GBP is going to weaken due to brexit negotiations AND the UK heading back into a 2nd lock down which will damage the economy once again. THINK SHORT!