Hello as we can see the price is sitting on our support zone.
Base on the data i gathered which are the following;
1. COT Report (Updated August 21, 2020)
BRITISH POUND STERLING - CHICAGO MERCANTILE EXCHANGE
Long orders: 60,567
Short orders: 44,738
CANADIAN DOLLAR - CHICAGO MERCANTILE EXCHANGE
Long orders: 21,738
Short orders: 59,365
2. UK Government 2YR yield bond - T.A breaks the down trend movement and retrace to make a new structure
( Global central bankers will be participating in the Jackson Hole symposium next week, with investors watching for any signs of future policy changes and looking to policymakers' views regarding the global economic recovery. Key data to watch for include the US second estimate of Q2 GDP, durable goods orders and personal income and outlays; Canada and Germany Q2 GDP updates; Eurozone business survey; and China industrial profits. Meanwhile, the Bank of Korea will be deciding on interest rates.)
Base on the data i gathered which are the following;
1. COT Report (Updated August 21, 2020)
BRITISH POUND STERLING - CHICAGO MERCANTILE EXCHANGE
Long orders: 60,567
Short orders: 44,738
CANADIAN DOLLAR - CHICAGO MERCANTILE EXCHANGE
Long orders: 21,738
Short orders: 59,365
2. UK Government 2YR yield bond - T.A breaks the down trend movement and retrace to make a new structure
( Global central bankers will be participating in the Jackson Hole symposium next week, with investors watching for any signs of future policy changes and looking to policymakers' views regarding the global economic recovery. Key data to watch for include the US second estimate of Q2 GDP, durable goods orders and personal income and outlays; Canada and Germany Q2 GDP updates; Eurozone business survey; and China industrial profits. Meanwhile, the Bank of Korea will be deciding on interest rates.)