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GBP/USD price action remained suppressed as recent development around Brexit remain uncertain. Chances of a “no deal” seems to have increased according to investment banks. RSI divergence points for a possible short term reversal if a Brexit catalyst allows for it. GBP/USD price action remains subdued and in consolidation. Furthermore, the RSI divergence indicates the probability of a short Read More …
Mario Draghi’s speech earlier today was uneventful. Italy’s decision to consider lower deficit budget target has eased tension. Possible head and shoulder reversal pattern in development. Overview During the last couple of days the EURUSD pair has been consolidating in a narrower range. Earlier today during London session hours, the ECB president made his speech Read More …
