Higher Low on Monthly
MACD positive on the weekly
Adaptive RSI is Positive
Breakout from downward structure and in a bullish channel
Stop Loss set below structure 1.349
Take profit at top of channel - 1.387
Bank of England is ahead of the Federal Reserve with Rate Hikes:
-December 16th from .1% to .25%
-Feb 3rd from .25% to .5%
I expect GBP to continue to rise until the Fed actually increases rates (sometime in March). Then the USD will further gain strength
MACD positive on the weekly
Adaptive RSI is Positive
Breakout from downward structure and in a bullish channel
Stop Loss set below structure 1.349
Take profit at top of channel - 1.387
Bank of England is ahead of the Federal Reserve with Rate Hikes:
-December 16th from .1% to .25%
-Feb 3rd from .25% to .5%
I expect GBP to continue to rise until the Fed actually increases rates (sometime in March). Then the USD will further gain strength