Sterling Rebounded
#trading_idea #GBPUSD 💡
💸Sterling - BUY THE DIP
The pound dipped a touch on the dollar and held steady on the euro on Wednesday, as traders awaited remarks by Bank of England Governor Andrew Bailey that could affect expectations of the central bank's rate cut path.
On the 1-hour chart, the price is rebounded from the support 1.2963 and rising up after big fall this morning. We may see a detergency between price graph and Momentum indicator. Additionally, the price is still below the 100-period moving average (MA100).
🔼If the price break up 1.29886 we may see further rise to 1.301.
🔽Alternatively, the price may retest the support 1.2963.
What do you think?
😎 Hit "👍" if you believe the price will rise and "👎" if you think it's slide.
➡️➡️ TRY SABIOTRADE NOW
💸Sterling - BUY THE DIP
The pound dipped a touch on the dollar and held steady on the euro on Wednesday, as traders awaited remarks by Bank of England Governor Andrew Bailey that could affect expectations of the central bank's rate cut path.
On the 1-hour chart, the price is rebounded from the support 1.2963 and rising up after big fall this morning. We may see a detergency between price graph and Momentum indicator. Additionally, the price is still below the 100-period moving average (MA100).
🔼If the price break up 1.29886 we may see further rise to 1.301.
🔽Alternatively, the price may retest the support 1.2963.
What do you think?
😎 Hit "👍" if you believe the price will rise and "👎" if you think it's slide.
➡️➡️ TRY SABIOTRADE NOW
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