Hey tradomaniacs,
GBP/USD is re-testing the recnt trendline of the correction aswell as a strong resistance-zone and could fall from here on.
Important will be teh CPI-Data from the USA as they either raise or reduce expectations for a very hawkish monetary policy by the fed.
Since there were rumors saying the inflation won`t be as hiogh as expected equities rallied a bit but left pound pretty unimpressed.
Recent fakeout to the topside looks like liquidity-fishing.
Let`s see what happens, but I`ll probably wait for the CPI =)
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me
GBP/USD is re-testing the recnt trendline of the correction aswell as a strong resistance-zone and could fall from here on.
Important will be teh CPI-Data from the USA as they either raise or reduce expectations for a very hawkish monetary policy by the fed.
Since there were rumors saying the inflation won`t be as hiogh as expected equities rallied a bit but left pound pretty unimpressed.
Recent fakeout to the topside looks like liquidity-fishing.
Let`s see what happens, but I`ll probably wait for the CPI =)
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me
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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.