GBP/USD Resumes Bearish Trend
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GBP/USD Resumes Bearish Trend
Trump's victory in the US Elections has bolstered the US Dollar. The USD's strength this month has been tied to Trump's win, so it was anticipated that his victory would support further USD strength.
The price has already dropped nearly 200 pips during the early hours of the European morning. It is likely that the price may continue to decline during the opening of the London and US markets, as trading volume is expected to increase significantly.
The market still needs to fully absorb Trump's victory, which could lead to further short-term strengthening of the USD.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Trump's victory in the US Elections has bolstered the US Dollar. The USD's strength this month has been tied to Trump's win, so it was anticipated that his victory would support further USD strength.
The price has already dropped nearly 200 pips during the early hours of the European morning. It is likely that the price may continue to decline during the opening of the London and US markets, as trading volume is expected to increase significantly.
The market still needs to fully absorb Trump's victory, which could lead to further short-term strengthening of the USD.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
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