Gbp is gonna fall. It is in wrong value in relation to British 2yrs bonds yields.
The bearish scenario was also predicted in my previous post analyzing just price action and Gbp index.
A poor bullish price action is due to the end of the month. April candle is closing in 1 day and the european national banks trying to push the monthly close somewhat higher as we broke the historical euro 20 yrs trend-line (gbp, chf move along after euro).
Coincides with our BTCUSD (85 percent positive correlation with GBPUSD) analysis where we detected a reversal after Bitcoin hit yearly pivot.
For educational purposes only.
Top correlation 1 day -
1 GBPUSD - GBPSGD 95.0%
2 GBPUSD - NZDUSD 94.7%
3 GBPUSD - AUDUSD 91.0%
4 GBPUSD - USDNOK -90.3%
5 GBPUSD - GBPCHF 89.0%
6 GBPUSD - EURNOK -87.4%
7 GBPUSD - GBPJPY 87.3%
8 GBPUSD - USDCAD -86.1%
9 GBPUSD - BTCUSD 85.0%
10 GBPUSD - EURGBP -84.9%
The bearish scenario was also predicted in my previous post analyzing just price action and Gbp index.
A poor bullish price action is due to the end of the month. April candle is closing in 1 day and the european national banks trying to push the monthly close somewhat higher as we broke the historical euro 20 yrs trend-line (gbp, chf move along after euro).
Coincides with our BTCUSD (85 percent positive correlation with GBPUSD) analysis where we detected a reversal after Bitcoin hit yearly pivot.
For educational purposes only.
Top correlation 1 day -
1 GBPUSD - GBPSGD 95.0%
2 GBPUSD - NZDUSD 94.7%
3 GBPUSD - AUDUSD 91.0%
4 GBPUSD - USDNOK -90.3%
5 GBPUSD - GBPCHF 89.0%
6 GBPUSD - EURNOK -87.4%
7 GBPUSD - GBPJPY 87.3%
8 GBPUSD - USDCAD -86.1%
9 GBPUSD - BTCUSD 85.0%
10 GBPUSD - EURGBP -84.9%