Saturday, July 14, 2018

GBPUSD British Pound Daily Chart; Death Cross

Here is the pound, or sterling, GBPUSD, daily chart showing the death cross a couple weeks ago (black circle). The pound is pounded. The currency pair number at 1.323 weakens as the pound weakens and weakens more as the US dollar rises. As always, price usually bounces when the death cross occurs and you can see that the pound is chopping sideways for the last month. Sterling will continue to weaken in the weeks ahead if the death cross remains in play. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision. 

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