GBPNZD I Strong GBP CPI Results I This could happen next...Welcome back! Let me know your thoughts in the comments!
** GBPNZD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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Gbpfundamentals
Short term GBP/USD long positionMarkets is largely expecting the BOE to hike Rates in the December meeting. the positive print in the inflation data this morning further fuels the expectation of the 15 basis point hike to be this coming meeting. we are expecting the BOE to disappoint the market hence we have a very bearish bias on the GBP currency. technically we expert a completion of a WXY pattern on a small timeframe.
GBP Forecasta. 1W – Candle closed with a bearish sentiment.
b. 1D - Uptrend has been broken, therefore we are looking for a re-test and some short position .
Thoughts:
A lot of news directly influenced the price movement last week. And there is no doubt if #DXY will continue to gain strength this pair is more likely to continue its downtrend.
The alternative scenario will occur only if we could consolidate above the 1D trendline.
GBP/USD is continue in bullish!!!I put an alert to make an another buy at this zone, I reccomend to put a break even of the higher lower at the $1.2464 to protect you position, now on there, you are going in profit and protect 83 pips.
And now, I'm interestint to put another buy with 0.01 lots, and there are a possibilit to rech at the Daily zone yellow at the $1.26 USD and a profit of other 200 pips. So I put an alert and when the price leave at my alert zone when going to EMAS that I use, I going to buy but more important hope the price action strategies, that is my key of success to trade!!!
I invited you to check out below my lastest technical analysis of this par.