ETHUSD Slows Down
September 10, 2020
EURMXN Potential Breakout
September 11, 2020
GBPMXN CHART PRICE – GBPMXN DAILY
The British pound has struggled against the mexicana peso in the last 9 trading sessions, there are many fundamental factors related to brexit that are driving the price down, from a technical point of view the price could start making a recovery very soon, however the fundamental factors might not allow this recovery just yet, we could see the price reaching the support at 27.08 before it starts its climb, we see the relative strength index is currently below 30% which suggest its an oversold pair, it is currently at 26.5% indicating that the market could react soon, it’s hard to tell how much lower the price is gonna go before it recovers, once we see the price react we would place a long trade on this pair.
This post does not provide Financial Advice for traders, its merely purpose is education, use all the information available from different Analysts and build your own strategy, trading is not for everyone, you should only trade with money you can afford to lose, past performance is not an indicator of future results.
