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British Pound / U.S. Dollar
Long

(GBPUSD) Monday, 14 November 2022 Setup

By Tenozen
GBPUSD

GBPUSD Long bias.

Reason:
- Core Inflation Rate YoY and Inflation Rate YoY created a fat bullish candle.
- Michigan Consumer Sentiment Prel created a bull candle response.
- USDCHF reflects a weak bullish momentum, which could potentially hold the bears or go for a breakout from the support level

Potential Scenario for Monday, 14 November 2022:
- Market would go sideways, waiting for the PPI MoM report
- Falls breakout of the major resistance level area (1.18795 - 1.18526)
- Low volatility and potential big bullish move



Fundamental AnalysisGBPUSDLONGlongsetupTrend Analysis
Tenozen

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