GBP/USD GBP/JPY GBP/CAD GBP/CHF GBP/AUD GBP/NZD EUR/USD EUR/GBP EUR/JPY EUR/CHF EUR/CAD EUR/AUD EUR/NZD USD/JPY USD/CAD USD/CHF AUD/USD AUD/CAD AUD/JPY AUD/NZD NZD/USD
The long range Weekly TF looks ever more for the GBP. The TDI -0.08% sees the crossing south over the upper band and the signal line. From here a move back to the market line looks inevitable and this means this pair (and all GBP pairs) are likely to be headed lower. The DTF seems to confirm the picture with price over 200 pips off recent highs and price looking for support at WS1 at 1.2712 and the 200 at 1.25 below that.
Political tensions are not helping the GBP with Labour closing the gap to May’s Conservative party and uncertainty over Brexit.
We recommend SELLING the GBP at market 1.2800.