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 stuck in consolidation
2019-11-11 • Updated
Technical levels: support – 1.2910; resistance – 1.2950, 1.2980.
1. Buy — 1.2960; SL — 1.2940; TP1 — 1.3050.
2. Sell — 1.2930; SL — 1.2950; TP1 — 1.2810; TP2 — 1.2710.
Reason: bullish Ichimoku Cloud, horizontal Senkou Span A and B; a new dead cross of Tenkan-sen and Kijun-sen over the Cloud; the prices are under the resistance of Tenkan-sen and 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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