Fundamental Analysis:
I would first examine the economic indicators for both the United States (USD) and the United Kingdom (GBP). Based on the data provided, the US appears to have a stronger economy than the UK, with a higher GDP growth rate and lower unemployment rate. However, the UK has a higher inflation rate, which could potentially lead to the Bank of England raising interest rates but USD is considering as safe asset in these days and I think GBP will get weak in near future.
Technical Analysis:
Based on the technical analysis, the price on the 4-hour chart has formed a bearish structure, indicating a potential downward trend. I predicts that the price will continue to decline and reach their predetermined targets.
Targets: 1.20, 1.19 , 1.18
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I would first examine the economic indicators for both the United States (USD) and the United Kingdom (GBP). Based on the data provided, the US appears to have a stronger economy than the UK, with a higher GDP growth rate and lower unemployment rate. However, the UK has a higher inflation rate, which could potentially lead to the Bank of England raising interest rates but USD is considering as safe asset in these days and I think GBP will get weak in near future.
Technical Analysis:
Based on the technical analysis, the price on the 4-hour chart has formed a bearish structure, indicating a potential downward trend. I predicts that the price will continue to decline and reach their predetermined targets.
Targets: 1.20, 1.19 , 1.18
"Don't forget to like"
.
.
.
.
.
.
"Thanks for giving your time to read my article."
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.