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GBPUSD Analysis 3/21/021

Short
British Pound / U.S. Dollar (FX:GBPUSD)  
NoCeilingsTrading  
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Technical Indicators Fundamental Analysis GBPUSD gbpusdshort bearishpound longusd Bearish Patterns
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trendanalysis indicator fundamental gbpusd gbpusdshort bearishpound longusd bearish
  • This week I am expecting some volatility in the market due to the fundamentals. On March 22&23 there is US news, where Fed Chair Powell will speak. This news heavily affects interest rates which can possibly make the USD stronger. There is similar news regarding the British pound on the 25th.

    The higher a country's interest rate, the stronger their currency.

    A stronger USD will cause a bearish move
    A stronger GBP may cause a bullish move

    I am expecting price to try and make one last push to the upside, to gain some momentum for a strong bearish push to the downside.
    I am looking to enter a sell around the area of 1.39102

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Update on my GBPUSD Anaysis
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