Sterling weakens as Brexit fears remain.
A strengthening dollar and worries that it will exit EU without a trade deal at the end of the year weighed negatively on the british currency.
Gbpusd its just above the 20 EMA but showed signs of weakness struggling to break above the resistance zone at 1.25897. MACD is falling below the signal line providing a bearish signal.
A strengthening dollar and worries that it will exit EU without a trade deal at the end of the year weighed negatively on the british currency.
Gbpusd its just above the 20 EMA but showed signs of weakness struggling to break above the resistance zone at 1.25897. MACD is falling below the signal line providing a bearish signal.
Trade closed: stop reached:
Risk management should be the first strategy to master. first and only loss of the week. now we will have to analyse again and see if this well be a breakout or a fakeout