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KlejdiCuni
May 10, 2023 8:25 AM

GBPUSD | Between Two Fires - Should We Trade? 

British Pound/U.S. DollarFXCM

Description

GBPUSD | Between Two Fires - Should We Trade?

GBPUSD is moving in a well-defined bullish trend and with many ugly ups and downs.

On the 60 min chart price is showing that we can see a possible bearish movement but that
it's also very risky.

We have:
Today -> USD Consumer Price Index
Tomorrow-> GBP BoE Interest Rate Decision

Both are news with high impact.

So let's see...it is better even if you stay away from this currency pair.

Thank you and Good Luck!
Comments
FirstNameHelen
Interesting view, I'm probably agree with your analitycs
TheSignalyst
risky indeed as CPI coming up in 30 mins ;)
WalterMoon
I am totally agree with your analytics
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