After the resignation of Boris Johnson in July 2021, the conservative party was preparing for an election. With 57.4% of the vote, Liz Truss will be the new UK Prime Minister (PM) for the next two years. She is about to change a lot, and we are about to tell you everything you need to know.
GBP/USD: market is overbought
2019-11-11 • Updated
Technical levels: support – 1.2940; resistance – 1.3040, 1.3080
- Sell — 1.3040; SL — 1.3060; TP1 — 1.2980; T2 — 1.2940.
Reason: irregular bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with rising Tenkan-sen; the market in positive mood now but oversold – expected correctional movement to Tenkan-sen or Kijun-sen.
The current situation is terrible, and the future is worse for the United Kingdom. Will the British pound withstand the challenges that await the UK economy, or will it collapse?
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