Today we
had the parliamentary elections in the UK, but the outcome was very hard to
predict. By 6 pm NY time, the polls were putting the conservative party ahead
in the race. The Pound rallied in the middle of the elections due to the fact
that if the conservative party keeps control of the parliament, then monetary
policy can be implemented more easily. The GBP/USD visits again its 200 day
EMA, around the 1.5443 level. The price tries to stall at that level, but if
the bullish momentum persists, then a visit to the 1.5551 level is possible.
Very Good analysis and information.
ReplyDeleteNext target would be at 1.55.
ReplyDeleteGreat assessment. I'll keep a close eye on it.
ReplyDeleteGreat analysis, I will keep it in mind!
ReplyDeleteVery helpful analysis.
ReplyDeleteNice article!
ReplyDeleteVery helpful analysis.
ReplyDeleteGood assessment.
ReplyDelete