Hi there,
GBPUSD is rising on hope that BOE will raise the rates above 6.5 percent to tam the inflation and GBP is rising on higher yields and UK bond market is pricing in for higher rates.
We may see a counter trend trade on GBPUSD from top for short term.
Watch price action at top and look for short term counter trend trade for short term in case price fall for flat formation and look for breakdown for further lower target.
Good Luck
GBPUSD is rising on hope that BOE will raise the rates above 6.5 percent to tam the inflation and GBP is rising on higher yields and UK bond market is pricing in for higher rates.
We may see a counter trend trade on GBPUSD from top for short term.
Watch price action at top and look for short term counter trend trade for short term in case price fall for flat formation and look for breakdown for further lower target.
Good Luck
Note
Note
Note
GBPUSD bpuncing back if sold go for breakeven and wait for price action for shorting again
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For Training visit.
Website wave-trader.com
Website techtradingacademy.com
Slack: wavetraders.slack.com
Telegram: t.me/Wavetraders
X: twitter.com/Wave__Trader
FB: facebook.com/WTimran
Website wave-trader.com
Website techtradingacademy.com
Slack: wavetraders.slack.com
Telegram: t.me/Wavetraders
X: twitter.com/Wave__Trader
FB: facebook.com/WTimran
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.