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The Pound Weakens Against The Dollar
Last post: May 30th 2019. See chart.
Review: Price was in a period of consolidation.
Update: Price has moved a lot lower since the last post as the pound has continued to weaken.
Conclusion: The trend to the downside looks good but there is still strong support below in the form of the previous all-time low. If this area is taken out then we should see further weakness.
Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you share our sentiments!
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Review: Price was in a period of consolidation.
Update: Price has moved a lot lower since the last post as the pound has continued to weaken.
Conclusion: The trend to the downside looks good but there is still strong support below in the form of the previous all-time low. If this area is taken out then we should see further weakness.
Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you share our sentiments!
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