All that work for nothing last night - GBPUSD
The Asia session last night helped the GBPUSD pair gain some momentum and even cross int the 1h supply zone that formed back on September 1st. Those buyers could not sustain though and the sellers took over driving price back below the 1.15 mark earlier today. That area now holds as our new support point and a break of that challenges yesterday's low of 1.1443. A small retracement back into the 1.158 area would be a decent shorting opportunity.
A close eye on "Team Truss" and her plan to toss in GBP130bn aid package to fix household energy bills will be the market's focus in the near future.
I fear bad days ahead for our friends overseas and the GBP as well.
A close eye on "Team Truss" and her plan to toss in GBP130bn aid package to fix household energy bills will be the market's focus in the near future.
I fear bad days ahead for our friends overseas and the GBP as well.
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