GBP - BULLISH
1️⃣ Prime Minister Boris Johnson delivered details of the plans to ease restrictions on the UK economy, saying his roadmap will guide the government “cautiously but irreversibly” to lifting the lockdown.
2️⃣ Hopes of a quicker economic recovery helped by the UK’s rapid pace of vaccinations, as well as lessening expectations of negative interest rates and a post-Brexit trade deal with the EU.
3️⃣ Speculation that the Bank of England would rise rates sooner.
USD - BEARISH
1️⃣ Higher US Treasury yields failed to offer lasting support.
2️⃣ A large budget and current account deficits have made the US currency an increasingly unattractive investment.
3️⃣ Biden and his Democrat-controlled Congress are due to roll out massive spending plans that include extra $1,400 checks for most Americans.
4️⃣ Fed Powell: The economy is a long way from Fed's employment and inflation goals, and it is likely to take some time for substantial further progress to be achieved.
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Technical
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We are buying the GBPUSD on the RBS + above SMA 50 on the H1 chart.
1️⃣ Prime Minister Boris Johnson delivered details of the plans to ease restrictions on the UK economy, saying his roadmap will guide the government “cautiously but irreversibly” to lifting the lockdown.
2️⃣ Hopes of a quicker economic recovery helped by the UK’s rapid pace of vaccinations, as well as lessening expectations of negative interest rates and a post-Brexit trade deal with the EU.
3️⃣ Speculation that the Bank of England would rise rates sooner.
USD - BEARISH
1️⃣ Higher US Treasury yields failed to offer lasting support.
2️⃣ A large budget and current account deficits have made the US currency an increasingly unattractive investment.
3️⃣ Biden and his Democrat-controlled Congress are due to roll out massive spending plans that include extra $1,400 checks for most Americans.
4️⃣ Fed Powell: The economy is a long way from Fed's employment and inflation goals, and it is likely to take some time for substantial further progress to be achieved.
=====
Technical
=====
We are buying the GBPUSD on the RBS + above SMA 50 on the H1 chart.
Trade active
Trade closed: target reached:
✅ TRADE HAS HIT TP
+30 PIPS
+30 PIPS