After trying to climb up in the final week of July, GBP find an imbalance which created on July 19th, when British CPI is lower than expect, forecast that BOE will set a lower interest raise (perhaps 25bps on Aug 3rd, after huge 50bps in June).
All eyes on BOE rate decision and US NFP next week.
In technical point of view, I am confused now. The sub-structure is bearish but the latest BOS is not clear. I will try my hard to catch a 20-pips-move in lower timeframe next week. The main idea is catching a swing buy.
All eyes on BOE rate decision and US NFP next week.
In technical point of view, I am confused now. The sub-structure is bearish but the latest BOS is not clear. I will try my hard to catch a 20-pips-move in lower timeframe next week. The main idea is catching a swing buy.