GBPUSD increased briefly then decreased
Updated
Hello dear friends,
GU has broken out of the downward channel with a breakthrough at 1.2260. It is currently trading at 1.2198, undergoing the second phase of short-term recovery. My next long-term target is at 1.2111, followed by 1.2036.
What are your thoughts?
GU has broken out of the downward channel with a breakthrough at 1.2260. It is currently trading at 1.2198, undergoing the second phase of short-term recovery. My next long-term target is at 1.2111, followed by 1.2036.
What are your thoughts?
Note
The University of Michigan's consumer sentiment survey, which showed a significant increase in the one-year inflation expectations component, added a boost to the US Dollar (USD). After this report, the probability of the Federal Reserve (Fed) raising policy rates again in December fell to 67% from nearly 75% earlier this week.Note
Early Tuesday, the UK Office for National Statistics will release wage inflation data for August.Note
has reached the target resistance level followed by the nearest support levelNote
Trade active
Note
+40 pipNote
Trade closed: target reached
reached TP1
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