Trump’s London trip canceled

U.S. president Donald Trump canceled a trip to the new U.S. embassy in London but he was scheduled to make his first official visit to the U.K. next month. His itinerary had included a meeting with British Prime Minister Theresa May and possibly the queen. The United States may not UK’s most important relationship. I think the recent priority in England may be Brexit and reducing inflation. The CPI in December at 16.30 may give positive for pound. CPI predicted lower 0.1% so it may express lower inflation.
GBP/USD may keep its bullish trend so I suggest support line at 1.3500 and resistance line at 1.4000. As well as, euro may rise to 1.2500USD. If euro can stay higher than 1.2200USD and not decline 1.1575USD, it may edge higher to 1.2500USD. If greenback cannot hold steady, gold price may continue rising. Hence, I suggest 1355USD as a resistance and 1310USD as a support.
Bitcoin price had been dropping for 4 weeks after reaching near 20K dollar. BTC may move between 12,200 – 17,000 USD. I think BTC may need to rise higher than 17,200USD to stop the recent bear. While Ethereum made a new all-time high above 1,400USD on Saturday. I suggest 1,300 points as a support line for ETH and 1,380 points as a resistant line. ETH may rest and move between 1,300 – 1,370 USD.

By Niramon Nitnitiphruet
Financial analyst, Olymp Trade

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