The market is doing the last leg in a butterfly pattern. The fundamentals impacting sterling down are consitent negative manufacturing & production numbers, & inability to rates to combat sticky inflation by the BOE in such a dire economic enviroment.
Sterling is continuing on its down ward trajectory going into the UK general elections in 2024. The current intermediate swing to trade is a short <1.2370-1.2250> targeting 1.1850 immediately. For more on this go to the next video on the short term picture.
Profitable Trading
Sterling is continuing on its down ward trajectory going into the UK general elections in 2024. The current intermediate swing to trade is a short <1.2370-1.2250> targeting 1.1850 immediately. For more on this go to the next video on the short term picture.
Profitable Trading
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.
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.