💷 GBP/USD Caution prepare for increases 💷

💷 GBP/USD Caution prepare for increases

💷 GBP/USD Like most currency pairs with the dollar has scored a strong wave of declines in recent weeks.

💷 For the British pound, an end to the declines in my opinion is imminent.

💷 All thanks to positive economic readings on September 29 for the second quarter.

💷 Most of the fundamental readings are currently behind the increases in the British pound, adding to the fact that we are getting closer to a strong support zone, only reinforces my upward approach.

💷 I expect an upward correction to occur at any time, this is the scenario currently playing out for me, I do not believe in further strengthening of the US dollar without forecasts of further strong economic fundamentals.

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Commentaire:

We stopped at a strong support zone