I see a nice opportunity on the GBPUSD forming.
Technicals:
The correction on the daily time frame was formed for about 150 days, it is enough time for the market to consolidate and form a nice opportunity, next thing I am waiting for is the breakout of the flag, the level of circa 1.40, I got marked on the chart.
Also, the RSI indicator is showing consolidation on the 50 levels.
Ma´s will be below the price that next positive factor.
Fundamentals:
Usd can potentially start to lose value due to the falling consumer index, there is also the next factor to be considered os the strong NFP on Friday that was released, so the best thing to do is to watch job reports, inflation data
I do not provide personal investment advice and I am not a qualified licensed investment advisor. I am an amateur investor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice.
Technicals:
The correction on the daily time frame was formed for about 150 days, it is enough time for the market to consolidate and form a nice opportunity, next thing I am waiting for is the breakout of the flag, the level of circa 1.40, I got marked on the chart.
Also, the RSI indicator is showing consolidation on the 50 levels.
Ma´s will be below the price that next positive factor.
Fundamentals:
Usd can potentially start to lose value due to the falling consumer index, there is also the next factor to be considered os the strong NFP on Friday that was released, so the best thing to do is to watch job reports, inflation data
I do not provide personal investment advice and I am not a qualified licensed investment advisor. I am an amateur investor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice.