Retrace to the daily high at USA open — Rishi postponed budget by two weeks, the adjusted timeframe will give the figures they use some better data (eg from the past 2 days of £/Gilts) so things will look slightly better = positive for £.
1.16 psychological number taken out today, expecting a little retrace down with a bit of range playing for the rest of the week - it's Wednesday, weekly candle has formed, can't expect it to go much further upwards, same said for monthly candle, not expecting a big move up beyond 1.17 unless some exceptional news is out.
1.16 psychological number taken out today, expecting a little retrace down with a bit of range playing for the rest of the week - it's Wednesday, weekly candle has formed, can't expect it to go much further upwards, same said for monthly candle, not expecting a big move up beyond 1.17 unless some exceptional news is out.
Note
2hours out from predicted retrace to 1.16
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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.