GBP/USD went Up 465 points on Election day. It came down 610 points in next 7 days. Now What? You can Learn to take Advantage of these types of News (Election-day etc) events in Future, if you are trained by us.

The recent Election-day for United Kingdom was 12th of December 2019. Next day of this Election-day just when Exit pole came out, even before start of counting, price of GBP/USD gap up and opened at 1.3293 when the previous close was at 1.3170 in a 5 minutes chart. So on this next day of this Election-day, the currency pair GBP/USD gap up by a massive 123 points at 9:00 am. It continued to go up and printed a high of 1.3515. This one day move on this Election-day was a massive 465 points.

After this Election-day move up of 465 points, GBP/USD steadily came down losing all the gains and more in next 7 days.

On 23rd of December 2019 as shown on the Daily Chart, it printed a low of 1.2904. The difference of the 12th December 2019 high of 1.3515 and low printed on 23rd of December 2019 is another massive 610 points.

Magically, as we refer to our “Proprietary Technical Analysis“, it exactly stopped on our trend line and Fibonacci support line as explained below:

1. The Trend Line was drawn much before from the swing lows of 8-Nov-2019 and 22-Nov-2019 on which price stopped previously on 27-Nov-2019 and recently after the Election day on 23-Dec-2019.

2. Price also got the 78.6% Fibonacci level support present at 1.2928. This Fibonacci was drawn from the swing lows of 8-Nov-2019 and the Election day’s swing high.

Election-Day-Forex-GBP-USD-Trading-NP-Financials-Dec-2019-Best-Trading-Education

After getting a halt at our Proprietary Support Levels, at the time of writing this post, the Forex Currency Pair GBP/USD is trading at a price level of 1.3085. A clear jump of 180 points from our Support Levels. Is Forex Currency Pair GBP/USD is ready to go up again? As per our “Proprietary Technical Analysis“, if price of Forex Currency Pair GBP/USD closes above 1.3139 level and its high is taken out by 20 pips on a Daily chart basis, then our price objectives to the up side are as below:

1. 1st price objective= 1.3210

2. 2nd price objective= 1.3282

3. 3rd price objective= 1.3384

4. 4th price objective= 1.3445

Now, you as a Forex Trader, must be wondering how you can take your Forex Trading to the Next Level. To take your Forex Trading to the Next Level through all our professional approaches and to find out the answers to all your Trading related queries, please contact us at 03 9015 4858 and book your FREE discussion session for 30 minutes at Level 3, 2 Brandon Park Drive, Wheelers Hill, Victoria 3150.

Now you can learn to trade Forex Pairs with us to explore the possibility of earning passive income keeping your day job.

Our Proprietary Forex Trading Strategy which work will guide you through every step of your trading in Forex Pairs and explore the possibility of earning extra income. Learn what all other Forex Currency Pairs we are Trading in our Forex Trading Asset Class. Develop yourself as a professional trader capable of capturing second income in the future with us.

Please click on the Contact Us link: Goo.Gl/2SRZoG

Call us on +61 3 9015 4858
email: info@npfinancials.com.au

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