Short term Pound analysis
On price action, I expect 1.33500 & 1.3300 support to hold, creating great value to buy at since the pair is on an uptrend.
Fundamentals:
Bears are based on
~UK govt is now proposing a tax increase to pay the debt they created during the pandemic
~Brexit is showing no signs of progress...
Bulls are based on
~the sterling is supported by the overall Global Risk-on sentiment
~the Dollar Sell off
~UK economic data is kinda positive at the moment.
However, I will focus on Price Action for Entries and exits tho
Fundamentals:
Bears are based on
~UK govt is now proposing a tax increase to pay the debt they created during the pandemic
~Brexit is showing no signs of progress...
Bulls are based on
~the sterling is supported by the overall Global Risk-on sentiment
~the Dollar Sell off
~UK economic data is kinda positive at the moment.
However, I will focus on Price Action for Entries and exits tho
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