GBPUSD weekly forex analysis and education for 14-03-2022
The idea shared is an analysis of GbpUsd for a mid term swing.
Fundamentally, The Usd is still showing strength owing to the recently released
NFP reports. Next week will shall be keeping an eye on interest rates desions.
Sentimentally, As the UK enforces hard economic sanctions as a result of Russia's
involvement in Ukraine, sanctions placed on one of the biggest economic contributors
in Europe (Russia), Investors are likely to be skeptical backing the British pounds. For this pair, the Usd is favoured.
Technically, the pair just broke a structural level on the Weekly charts
with the recent demand zone broken (refer to our previous analysis on GbpUsd), a supply zone also
created on the 4hr chat time frame. It is expected for price to fill in the supply zone and then continue downwards.
On the Daily charts as seen too, a support structural level has been broken, price may have to retest that level and face
resistance there for a drop in price.
Our sentimental bias hence is to watch and plan for a sell trade on GbpUsd .
Let's go take some risk, let's go make some money, Millionaire Logistics.
Fundamentally, The Usd is still showing strength owing to the recently released
NFP reports. Next week will shall be keeping an eye on interest rates desions.
Sentimentally, As the UK enforces hard economic sanctions as a result of Russia's
involvement in Ukraine, sanctions placed on one of the biggest economic contributors
in Europe (Russia), Investors are likely to be skeptical backing the British pounds. For this pair, the Usd is favoured.
Technically, the pair just broke a structural level on the Weekly charts
with the recent demand zone broken (refer to our previous analysis on GbpUsd), a supply zone also
created on the 4hr chat time frame. It is expected for price to fill in the supply zone and then continue downwards.
On the Daily charts as seen too, a support structural level has been broken, price may have to retest that level and face
resistance there for a drop in price.
Our sentimental bias hence is to watch and plan for a sell trade on GbpUsd .
Let's go take some risk, let's go make some money, Millionaire Logistics.
