Let's explore the GBPUSD market with Selena, shall we?
Last Friday, GU experienced a slight recovery after a prolonged decline over the past few months, closing at 1.220. However, this currency pair still faces difficulties under the weight of a significant downtrend.
Furthermore, inflation remains a hot topic for the Bank of England (BoE), and the UK may have no choice but to continue dealing with high interest rates. With prices exceeding BoE's target, cutting interest rates remains a distant dream for market investors. This is seen as a disadvantage for GBPUSD, causing it to continue its downward trajectory into deeper lows.
Last Friday, GU experienced a slight recovery after a prolonged decline over the past few months, closing at 1.220. However, this currency pair still faces difficulties under the weight of a significant downtrend.
Furthermore, inflation remains a hot topic for the Bank of England (BoE), and the UK may have no choice but to continue dealing with high interest rates. With prices exceeding BoE's target, cutting interest rates remains a distant dream for market investors. This is seen as a disadvantage for GBPUSD, causing it to continue its downward trajectory into deeper lows.
Note
What do you think about the market in the future? Cmt let Selena know!Note
good luck everyone !Note
New week begins, trading ready for action. The first signs this week are still bearish, speculation may ariseNote
Look shorter on the 1h frame
Note
Note
Related publications
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.
Related publications
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.