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: pound in correction to Cloud
2019-11-11 • Updated
Technical levels: support – 1.3500, 1.3450, 1.3240; resistance – 1.3660.
- Buy — 1.3550; SL — 1.3530; TP1 — 1.3630; TP2 — 1.3660.
- Sell — 1.3530; SL — 1.3530; TP1 — 1.3450; TP2 — 1.3380.
Reason: bearish Ichimoku Cloud with horizontal Senkou Span A and B; a cancelled dead cross of Tenkan-sen and Kijun-sen with horizontal lines; the prices are going to Cloud’s resistance.
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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