GBP/USD could fall!
Hey tradomaniacs,
GBP/USD is re-testing the recnt trendline of the correction aswell as a strong resistance-zone and could fall from here on.
Important will be teh CPI-Data from the USA as they either raise or reduce expectations for a very hawkish monetary policy by the fed.
Since there were rumors saying the inflation won`t be as hiogh as expected equities rallied a bit but left pound pretty unimpressed.
Recent fakeout to the topside looks like liquidity-fishing.
Let`s see what happens, but I`ll probably wait for the CPI =)
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me
GBP/USD is re-testing the recnt trendline of the correction aswell as a strong resistance-zone and could fall from here on.
Important will be teh CPI-Data from the USA as they either raise or reduce expectations for a very hawkish monetary policy by the fed.
Since there were rumors saying the inflation won`t be as hiogh as expected equities rallied a bit but left pound pretty unimpressed.
Recent fakeout to the topside looks like liquidity-fishing.
Let`s see what happens, but I`ll probably wait for the CPI =)
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me
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