GBP - Bearish
1️⃣ The Bank of England kept its interest rate unchanged at 0.1% in its June 2021 meeting with an 8-1 majority voting to leave its bond-buying program unchanged, similar to market forecasts.
2️⃣ Britain reported an increase in Covid-19 cases.
USD - Bullish
1️⃣ Concerns about the spread of the highly contagious Delta Covid-19 variant continue to weigh on investor sentiment. As a safe-haven currency, the USD is usually in high demand.
2️⃣ Minutes of the FOMC meeting show some FED members expect conditions to reduce asset purchase rates to be met sooner than expected.
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TECHNICAL
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- We're looking to short GBPUSD on SBR level + SMA50 area + Pivot point level on H1 chart.
- GBPUSD still in bearish regression channel.
1️⃣ The Bank of England kept its interest rate unchanged at 0.1% in its June 2021 meeting with an 8-1 majority voting to leave its bond-buying program unchanged, similar to market forecasts.
2️⃣ Britain reported an increase in Covid-19 cases.
USD - Bullish
1️⃣ Concerns about the spread of the highly contagious Delta Covid-19 variant continue to weigh on investor sentiment. As a safe-haven currency, the USD is usually in high demand.
2️⃣ Minutes of the FOMC meeting show some FED members expect conditions to reduce asset purchase rates to be met sooner than expected.
=====
TECHNICAL
=====
- We're looking to short GBPUSD on SBR level + SMA50 area + Pivot point level on H1 chart.
- GBPUSD still in bearish regression channel.