GBP/USD – Week 10 – Bearish trend to continue.
As we anticipated in our last analysis, the British Pound consolidated most part of last week before finding some support around the $1.38 level. We now expect the price to keep its momentum going, backed by a strong dollar together with a rising bond market, and head towards the second support area that we highlighted on our chart.
Keep an eye on Wednesday’s US Inflation and UK’s GDP data numbers as it may impact this pair.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
Keep an eye on Wednesday’s US Inflation and UK’s GDP data numbers as it may impact this pair.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
