8DC FX

7 July 2022

GBPUSD Analysis

The Pound has been the focus of European trade as finally UK PM Boris (Bojo) Johnson has decided to resign, his scandal be-leagued reign will come to an end in October.

The news lifted the Pound to break back above 1.2000 but fell short of breaking the next resistance at 1.2040.

The pivot level to watch is 1.1960/70, the Bojo bounce may be short lived, If 1.1960 breaks down it is likely the market targets 1.1910 and 1.1880 support again.

Trade Forex at http://www.8dcglobal.com

Published by Neil Callard

Forex Trader and Educator. 30 years trading experience, of which 20 years was market making in major currencies in large international financial institutions.

One thought on “8DC FX

  1. At first I wasn’t sure I would be able to read such a long post. Your style caught my interest. You always deliver amazing content. Great Article Neil. Although I read it a few weeks ago, I didn’t leave an opinion. However , I felt that the article was good enough to merit a thankyou.

    Like

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