GBP - BULLISH
1️⃣ The market pricing of the Bank of England policy path was largely unchanged despite Andrew Haldane's resignation, who was widely seen as one of the more hawkish figures at the central bank.
2️⃣ Sterling has been among the best-performing G10 currencies this year, supported by expectations that Britain’s economy would reopen quickly after its rapid vaccine rollout.
USD - BEARISH
1️⃣ Appetite for the greenback was also dented on slower vaccination rollout as the CDC and the FDA requested states to stop administering Johnson & Johnson’s Covid-19 vaccine after six people in the US developed a rare disorder involving blood clots.
=====
Technical
=====
We are buying the GBPUSD on RBS + above SMA 50 on the H1 chart.
=====
Risk to this trade
=====
Any change in sentiment could turn the pair's direction.
1️⃣ The market pricing of the Bank of England policy path was largely unchanged despite Andrew Haldane's resignation, who was widely seen as one of the more hawkish figures at the central bank.
2️⃣ Sterling has been among the best-performing G10 currencies this year, supported by expectations that Britain’s economy would reopen quickly after its rapid vaccine rollout.
USD - BEARISH
1️⃣ Appetite for the greenback was also dented on slower vaccination rollout as the CDC and the FDA requested states to stop administering Johnson & Johnson’s Covid-19 vaccine after six people in the US developed a rare disorder involving blood clots.
=====
Technical
=====
We are buying the GBPUSD on RBS + above SMA 50 on the H1 chart.
=====
Risk to this trade
=====
Any change in sentiment could turn the pair's direction.
Trade active
Trade closed: target reached:
✅ TRADE HAS HIT TP
+30 PIPS
+30 PIPS