GBPUSD, Weekly analysis Feb 6-10, 2023
The pound against the Dollar faced a bearish momentum last week, a price zone of 1.24 again proved a strong resistance for this pair and
sent down the price s from 1.24 to 1.20 last week,
Here is also the same reason we are seeing the weekend Pound and strong dollar behind the last week's sellers
The day chart displays a breakout trade during the last week out of the Rising wedge,
this Friday's breakout move may look forward to retouching the breakout zone of the 1.23 price mark this week, before making a further downward move
GBP's Monetary policy and GDP reports are awaiting on February 2nd week respectively on Thursday and Friday
these reports may play a role in strengthening the pound, We have to wait for the reports this week
sent down the price s from 1.24 to 1.20 last week,
Here is also the same reason we are seeing the weekend Pound and strong dollar behind the last week's sellers
The day chart displays a breakout trade during the last week out of the Rising wedge,
this Friday's breakout move may look forward to retouching the breakout zone of the 1.23 price mark this week, before making a further downward move
GBP's Monetary policy and GDP reports are awaiting on February 2nd week respectively on Thursday and Friday
these reports may play a role in strengthening the pound, We have to wait for the reports this week
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