GBP/USD likely to fall!
Hey tradomaniacs,
looks like GBP/USD could soon break out the current contraction and move towards the key-support-zone and D-Trendline in order to re-test.
Current situation looks bullish for the USD imo as market got dissapointed by previous FED-Statements and will most likely price in affects of the recent and upcoming rate-hikes which will slow down the economy.
However, technically a good spot to short when breakout occurs as we can expect more momentum to the downside.
What do you think?
looks like GBP/USD could soon break out the current contraction and move towards the key-support-zone and D-Trendline in order to re-test.
Current situation looks bullish for the USD imo as market got dissapointed by previous FED-Statements and will most likely price in affects of the recent and upcoming rate-hikes which will slow down the economy.
However, technically a good spot to short when breakout occurs as we can expect more momentum to the downside.
What do you think?
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.