GBP - Strong Bullish
1️⃣ BoE Governor Andrew Bailey said that the central bank needs to act not as quickly as possible amid increased risks to medium-term inflation expectations.
2️⃣ Investors are now predicting that the BOE will raise interest rates by 25 basis points in the next meeting with a probability of 62%.
USD - Weak Bearish
1️⃣ The U.S. dollar lost traction as U.S. Treasury yields declined and amid a positive market mood as companies in the U.S. reported better earnings yields in the third quarter.
2️⃣ The U.S. economy is expected to decline in the third quarter following a fall in retail sales and trade balance.
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Technical
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GBPUSD has broken above the trendline.
Looking for trade opportunity after retracement + confirmation.
=====
Risk to this trade
=====
Any change in sentiment could turn the pair's direction.
Don't forget to like, comment, and subscribe for more ideas.
1️⃣ BoE Governor Andrew Bailey said that the central bank needs to act not as quickly as possible amid increased risks to medium-term inflation expectations.
2️⃣ Investors are now predicting that the BOE will raise interest rates by 25 basis points in the next meeting with a probability of 62%.
USD - Weak Bearish
1️⃣ The U.S. dollar lost traction as U.S. Treasury yields declined and amid a positive market mood as companies in the U.S. reported better earnings yields in the third quarter.
2️⃣ The U.S. economy is expected to decline in the third quarter following a fall in retail sales and trade balance.
=====
Technical
=====
GBPUSD has broken above the trendline.
Looking for trade opportunity after retracement + confirmation.
=====
Risk to this trade
=====
Any change in sentiment could turn the pair's direction.
Don't forget to like, comment, and subscribe for more ideas.