POUNDS CLIMBS amid Eco Growth & Slower Inflation. What's Next?
A week ago BOE just cut it's rate by 25 bps and still have possibility to continue it's normalization cycle. Yesterday we saw GDP m/m actual data higher than expected and it's good for currency. YoY inflation rate also still in control and it's also good for currency.
Technically, the bullish momentum just paused by trendline resistance and classical resistance. Pounds may have correction movement before he continue it's uptrend. Traders may use 1.25000 and see buy chance with a stoploss at 1.24440
Technically, the bullish momentum just paused by trendline resistance and classical resistance. Pounds may have correction movement before he continue it's uptrend. Traders may use 1.25000 and see buy chance with a stoploss at 1.24440
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.