ETHUSD Closed With a Loss
August 6, 2020
USDMXN Closer to Support
August 7, 2020
GBPMXN CHART PRICE – GBPMXN DAILY
The British Pound Mexican Peso pair had an interesting session yesterday, as it tested the resistance level once again in the last 3 days, we see that the bollinger bands are getting very wide, which means we should expect high volatility for the pair, at this point, the price trades above the Ichimoku cloud while the Relative Strength Index is 64%, so we wouldn’t be surprised if the price gains some pips or goes back to the resistance before it can actually come down closer to its support at 28.64, the mid term prediction is that the price could go down, however it might test the resistance once again before doing so.
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.
