GBPUSD price rose to its highest level since the middle of June after Prime Minister Theresa May had made new “Soft Brexit” proposal. UK’s Brexit Minister Boris Johnson resigning over the weekend, along with Brexit Secretary David Davis and three other parliamentary Brexit ministers all resigning in protest over the new proposals.
That is why the pair showed huge gap for 48 points from 1.3318 on Monday’s opening. However, the GBPUSD finished previous trading day by falling for 60 points to 1.3257. Today we are waiting for the publication of industrial and production data and Gross Domestic Product in the UK, which might help Sterling in rising to 1.3280, 1.3320 resistance levels. We recommend selling the pair from resistance levels considering that Cayman indicator shows 68% of buyers.
Ethereum price came back to flat zone, which is close to the $454 support level after attempts to rise above $500 resistance. Unfortunately, $500 level attracts sellers facing huge bearish volumes, but there is a good bullish signal that the prices stays above long-term downtrend line ($420).
On the other hand, we see that the pair is oversold on the MACD histogram on the hourly chart. That is why in a short-term, we are ready to buy Ethereum at $458, if it rebounds from $454 level one more time.
So, our targets for
GBPUSD – is selling at 1.3280
Ethereum – is buying at 458, after it rebounds from $454 support