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January, 29 - GBP/USD is sliding lower and lower with Brexit just 2 days away

If you are trading GBP/USD then you are up for a very uneasy task. With Brexit just a couple of days away and global virus concerns growing, it is safe to say that right now is one of the worst times to be a GBP trader. And I think that we all can feel the blow to our trading.

 

gbpusd 29.01.2020

 

Right now pound-dollar couple is sliding lower towards the remains of its support line that is left from a trend. Ironically, but it used to be a resistance line during the uptrend. And something tells me that this is only the beginning for GBP. EU is about to make some serious decisions about the future of its trade relations with UK and political decision are to be harsh as well, there is no doubt about it.

 

With hard policies and with uncertain decisions ahead of us, there is no wander that we are going to be in doubts of whether we stick with GBP or whether we have to drop it even lower, sending the couple into a selloff. Right now the chart is looking very low and very gloomy.

 

These two next days trading signals are going to be saviors for us.

 

 

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