GBPUSD Watch top for price action for short
Updated
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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