GBP/USD: The EU agreed to extend Brexit by 6 months

Tian Kriek

Analyst


May 21, 2019 03:41 AM

BULLISH

Daily Trading Range:
GBP/USD: The EU agreed to extend Brexit by 6 months which I deem bullish and positive. Theresa May also shifted her paradigm to a much softer Brexit. Fundamentals in the UK has been good therefore I am now officially looking for buying opportunities with regards to the GBP basket. I have to wait for the the Daily StochasticRSI to be in the Buy Zone before buying.

Daily Chart

Daily Chart

Daily Support and Resistance

Resistance 3: 1.3700
Resistance 2: 1.4000
Resistance 1: 1.4340
Current Price 1.2696
Support 1: 1.3200
Support 2: 1.3100
Support 3: 1.3000

Two Hour Chart

Two Hour Chart
The market is moving can you keep up?