GBPUSD May Resume Bearish Trend, Testing March 2023 Low

19 gen

GBPUSD May Resume Bearish Trend, Testing March 2023 Low

The president-elect may issue up to 100 executive orders in the first days of his second presidency. This news could create high price volatility in the market.

At the close of the market on Friday, January 17, we saw the US dollar ending the day with profits across all pairs, raising expectations for a bullish run in the coming days.

The uncertainty surrounding Trump's executive orders may favor USD bulls in the short term until more clarity emerges.

GBPUSD has been holding strong, but it appears that the pair may resume the bearish trend and test areas last seen in March 2023.

You may find more details in the chart!
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20 gen

Nota

🚨The US Dollar undergoes a small melt down as headlines are being issued on President Trump's first actions.

The WSJ confirms that tariffs need to be further discussed before being issued.

The US Dollar Index (DXY) snaps 109.00 and heads towards 108.00