GBPUSD
The BoE has raised interest rates by 25bps. But that's not enough to make the bullish sentiment towards GBPUSD going forward.
we already know the FED has also raised interest rates by 25 bps . but interest rates are not the only reason when compared to the macro economy, even though inflation is crazy, American fundamentals are still better than British fundamentals.
We can see on the D1 chart, support area is now resistance. technically GBPUSD will be bearish this week
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
No comment on record. Start new comment.