Fundamental analysis: as we know BOE increased 75bps interest rates to 3%, UK is suffering by increase inflation like other countries on Europe, Indicators economic like GDP, PMI PPI CPI and etc are still negative, I think BOE add more interest rates in future to prevent inflation increasing and suffering in economic. the only reason that GBP is get strength in the market is distribution of $ in two remaining months
Technical analysis: price bounce and had huge demand from 1.12, price is still on down trend but I think with a small correction price moving to 1.20 in next weeks...
Targets: 1.14, 1.15 , 1.17, 1.20
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Technical analysis: price bounce and had huge demand from 1.12, price is still on down trend but I think with a small correction price moving to 1.20 in next weeks...
Targets: 1.14, 1.15 , 1.17, 1.20
PLEASE LEAVE YOUR COMMENT
DO NOT FORGET TO LIKE
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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.