
A lot of political uncertainties are driving the British pound down.
A lot of political uncertainties are driving the British pound down.
Considering the last 'Thorn' pattern, the pair is likely going to test the nearest resistance at 0.8860 - 0.8885...
GBP/JPY is testing levels below the support of the last 4 trading days at 139.50.
Check the moves of GBP/JPY, EUR/USD and USD/CAD.
The pair is likely going to achieve the nearest support at 139.42 - 138.13...
As the Brexit situation does not become any brighter, the British pound suffers, too.
Great Britain will release the level of CPI on May 22, at 11:30 MT time.
Find out the main drivers for this week
What currencies to consider this week…
No matter what the economic figures from the UK look like, the GBP is under the heavy weight of Brexit.
The pound is affected by Brexit uncertainty and may slide even lower.
There's a 'V-Bottom' pattern, which led to the current upward price movement…
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