GBPUSD: Brexit & End of Turmoil

2019-12-27 14:53:15

https://www.tradingview.com/x/5ru9qWnA/

hello dear friends
we continue discussing the long term projections on different financial instruments.

The next currency pair on our radar is a pound dollar.

Though many "guru" analysts predict a hard time for the British economy, we stick to a very simple rule: listen to what media says and do the exact opposite.

With Tories win, we can declare with you the end of the uncertainty. The UK got its independence back and I want to remind you that the most powerful economic driver is freedom.

New trade deals will be signed, new projects will be started. Now people can make predictions and the future is no more vague.

This simple argument makes me think that over the next year we will see a bullish rally on GBPUSD.

With technicals we can easily identify the first strong resistance:
the area between 1.43 and 1.45 and the market is already on its way there.

Let's see how it goes next year!


Feel free to share your thoughts in a comment section!