Hello"
The GBPUSD pair has a strong bullish trend and is now positioned at the top of a strong supply zone. If the market rises further on the upside, it will likely face rejection. A new order block is available for retesting, which could lead to a pullback and reach the supply zone. Our focus is now shifted entirely to the downside."
Key points
ECB cuts rates, but raises near-term inflation forecast.
Euro on track for largest weekly gains since may 2009.
U.S dollor index howers at 4-months lows.
It's all my think about "GBPUSD" what you think about it. Write in comment section below. Thanks
The GBPUSD pair has a strong bullish trend and is now positioned at the top of a strong supply zone. If the market rises further on the upside, it will likely face rejection. A new order block is available for retesting, which could lead to a pullback and reach the supply zone. Our focus is now shifted entirely to the downside."
Key points
ECB cuts rates, but raises near-term inflation forecast.
Euro on track for largest weekly gains since may 2009.
U.S dollor index howers at 4-months lows.
It's all my think about "GBPUSD" what you think about it. Write in comment section below. Thanks
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.
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.