GBPUSD Long Idea
The GBPUSD currency pair has a rather unique fundamental condition, where we cannot simply look at which monetary policy is more dovish or hawkish.
However, I will explain a bit more from a different perspective.
Inflation data in the UK has already reached its mandate at 2.2%, while the Fed is still far from its 2% inflation target.
This could lead to a narrative where the Fed is seen as failing to control USD inflation.
This perspective can apply to other currencies as well; when the USD weakens, other currencies may strengthen.
Buy : 1.28450
Stoploss : 1.27950
Take Profit : 1.33450
However, I will explain a bit more from a different perspective.
Inflation data in the UK has already reached its mandate at 2.2%, while the Fed is still far from its 2% inflation target.
This could lead to a narrative where the Fed is seen as failing to control USD inflation.
This perspective can apply to other currencies as well; when the USD weakens, other currencies may strengthen.
Buy : 1.28450
Stoploss : 1.27950
Take Profit : 1.33450
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