head and shoulder pattern GBPUSD
pair is going up again
ready to test yellow neckline resistance of head and shoulder pattern
pattern began its formation in late december last year when market was pricing 7 cuts
which were wrong but now market is pricing same amounts of cuts and fed is behind the curve
dxy is collapsing on daily chart on panic selling before fed jackson hole speech
risk is still second inflation wave for fed
inflation will return or not after rate cut ?
after rate cut fed will stay there or hike again ?
after multiple cut fed will get growth without inflation or not ?
ready to test yellow neckline resistance of head and shoulder pattern
pattern began its formation in late december last year when market was pricing 7 cuts
which were wrong but now market is pricing same amounts of cuts and fed is behind the curve
dxy is collapsing on daily chart on panic selling before fed jackson hole speech
risk is still second inflation wave for fed
inflation will return or not after rate cut ?
after rate cut fed will stay there or hike again ?
after multiple cut fed will get growth without inflation or not ?
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