GBPUSD short
I think we could see GBPUSD move lower here.
overall narrative for the way up has been more so just risk on sentiment on the back of peak inflation/potentially less fed hikes this year. I think on wednesday when the BoC likely hikes 50bps we may have a return to risk off as people move back to the idea of global central bank tightening.
We've also got a move lower in GBP rate differentials and slightly lower risk sentiment today.
nice break of a wedge we've been forming could also help push the pair lower.
Not trading/investment advise, feedback welcome!
overall narrative for the way up has been more so just risk on sentiment on the back of peak inflation/potentially less fed hikes this year. I think on wednesday when the BoC likely hikes 50bps we may have a return to risk off as people move back to the idea of global central bank tightening.
We've also got a move lower in GBP rate differentials and slightly lower risk sentiment today.
nice break of a wedge we've been forming could also help push the pair lower.
Not trading/investment advise, feedback welcome!
Note
think this is done here for 1.83 RR
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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.