Trumps comments to help with a quick trade GBPUSD to the upside?
It looks like GBP might be looking for some quick pips against the USD.
Trump in a Reuters interview has critisized the Fed's policy to hike interest rate, A comment that has taken its toll on USD on all pairs,
as well as GBP Brexit Minister stating that still a deal on Brexit will be the likely outcome might help push prices higher.
On the chart, we can see a divergence on both the squeeze and the RSI, and the break of the 50 EMA on the 4HR, it might give the price a chance to push higher and retest the downward trendline resting at 1.2920, if this setup succeeds, it could rack up around 70 pips
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GBPUSD
Trump in a Reuters interview has critisized the Fed's policy to hike interest rate, A comment that has taken its toll on USD on all pairs,
as well as GBP Brexit Minister stating that still a deal on Brexit will be the likely outcome might help push prices higher.
On the chart, we can see a divergence on both the squeeze and the RSI, and the break of the 50 EMA on the 4HR, it might give the price a chance to push higher and retest the downward trendline resting at 1.2920, if this setup succeeds, it could rack up around 70 pips
GBPUSD