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    Thread: today pound position now?

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      Default today pound position now?

      Pound is currently trading at 1.2571 modestly lower from Intraday highs 1.2643 on profit taking and for new rounds of Bullish range. This time targets 1.2773 after that this level will be the key for continuing journey towards 1.3400 and 1.40 or again downside trajectory towards 1.2500 or 1.2300 because daily declining Trendline meets at 1.2773. Pound went rash upside last week soaring to 1.2705 first time since June on Brexit deal negotiations from Ireland and European Union regarding Border checks , food , Immigration and so many issues was in line. PM Johnson and committee hopeful for 31st-Oct Outcome . Queen going to speech in one or 2day. Technically Weekly pivot lies at 1.2513 will be powerful support level and stay Buying above for Sterling is v.important.Daily pivotal level lies at 1.2585 and in between 1.2550 will act as supportive level should maintain this level for upside momentum today."Strongly recommends Buy above 1.2550 targets could achieve 1.2620,1.2650,1.2700-1.2750" Sell valid under 1.2550


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      The likelihood of Britain's withdrawal from the European Union declined without an agreement. It is clear that parliament is ready to compromise and a decision is likely to be made soon. However, the uncertainty remains high. The risk of new voting increases. There is talk of a new referendum. Prime Minister Boris Johnson proposed that the document be considered within three days and eventually approved until Thursday, otherwise he promised to cancel the agreement and propose early elections.


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