Price seeks support, good R/R ratio
Price action seems to be headed for support at 1.50680 after testing the top of the channel/wedge. Good risk/reward ratio on this one.
Fundamentals support this move since the possibility of a UK rate hike anytime soon is now gone. Retail Sales is expected worse and the outlook on USD is positive.
Fundamentals support this move since the possibility of a UK rate hike anytime soon is now gone. Retail Sales is expected worse and the outlook on USD is positive.
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.