Technical Analysis; January 1st 2021 - Present. I see major resistance and support lines coloured in red, while overall current trend in 2nd half of year is down, ( psychological levels ) - major support broken in orange lines detailed round numbers, I see slight pushback coloured in green arrows.
Fundamental analysis: Bank Of England decision to not change interest rates lower, as expected in times of high inflation this sent market into frenzy and a major sell off on GBP/USD.
Sentiment analysis: As investors wined down heading toward holiday season, choppy waters are expected with banks in europe, stuck in gridlock over inflation and interest rates remaining same. Expect many investors to be cautious. High probability suggests a rise in precious metals and Japanese yen up to years end, 2021.
Fundamental analysis: Bank Of England decision to not change interest rates lower, as expected in times of high inflation this sent market into frenzy and a major sell off on GBP/USD.
Sentiment analysis: As investors wined down heading toward holiday season, choppy waters are expected with banks in europe, stuck in gridlock over inflation and interest rates remaining same. Expect many investors to be cautious. High probability suggests a rise in precious metals and Japanese yen up to years end, 2021.
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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.