📊 Technical Analysis
● Pullback stalled exactly on the purple trend-support (≈1.348) and the channel mid-line after a false break of the upper wedge, preserving the sequence of higher-lows since May.
● Price is basing inside the 1.337-1.353 support strip; reclaim of 1.3530 would invalidate the bearish trap and open the next channel-median / April swing at 1.3590, while the lower rail at 1.3250 guards the up-trend.
💡 Fundamental Analysis
● UK April wage growth held at 5.7 % y/y, keeping BoE tightening bias alive, while softer US CPI expectations cool Treasury yields—narrowing the rate gap and underpinning sterling.
✨ Summary
Long 1.337-1.348; confirmation above 1.353 targets 1.3590, stretch 1.3700. View void on an H4 close below 1.3250.
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● Pullback stalled exactly on the purple trend-support (≈1.348) and the channel mid-line after a false break of the upper wedge, preserving the sequence of higher-lows since May.
● Price is basing inside the 1.337-1.353 support strip; reclaim of 1.3530 would invalidate the bearish trap and open the next channel-median / April swing at 1.3590, while the lower rail at 1.3250 guards the up-trend.
💡 Fundamental Analysis
● UK April wage growth held at 5.7 % y/y, keeping BoE tightening bias alive, while softer US CPI expectations cool Treasury yields—narrowing the rate gap and underpinning sterling.
✨ Summary
Long 1.337-1.348; confirmation above 1.353 targets 1.3590, stretch 1.3700. View void on an H4 close below 1.3250.
-------------------
Share your opinion in the comments and support the idea with a like. Thanks for your support!
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Crypto signals in telegram
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🔻FREE Telegram channel🔻
t.me/DeGRAMChannel
Crypto signals in telegram
@DeGRAMCrypto
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.
90% accuracy in telegram
🔻FREE Telegram channel🔻
t.me/DeGRAMChannel
Crypto signals in telegram
@DeGRAMCrypto
🔻FREE Telegram channel🔻
t.me/DeGRAMChannel
Crypto signals in telegram
@DeGRAMCrypto
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.