GBPUSD 22nd MARCH 2022
Updated
The BoE has raised interest rates by 25bps. But that's not enough to make the bullish sentiment towards GBPUSD going forward.
we already know the FED has also raised interest rates by 25 bps. but interest rates are not the only reason when compared to the macro economy, even though inflation is crazy, American fundamentals are still better than British fundamentals.
We can see on the D1 chart, support area is now resistance. technically GBPUSD will be bearish this week
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