The weakening dollar with the Jackson Hole anticipated affirmation of expectations for an interest rate cut on September and an arguably stronger pound has seen price move to yearly highs tapping into the monthly sibi.
Looking for the price to react from the imbalance and trade a little bit lower so coming week would love to see a sweep on last week's high in the early sessions on Monday ,turtle soup on the 4hr post Asia/London and go short and target past 1.31760 and 1.31110 and probably lower on the nfp.
NB: Will be keeping an eye on the consumer confidence and unemployment claims later during the week.
Looking for the price to react from the imbalance and trade a little bit lower so coming week would love to see a sweep on last week's high in the early sessions on Monday ,turtle soup on the 4hr post Asia/London and go short and target past 1.31760 and 1.31110 and probably lower on the nfp.
NB: Will be keeping an eye on the consumer confidence and unemployment claims later during the week.
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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.