GBP - Weak Bearish
1️⃣ Rising tensions between the UK and EU over the Northern Ireland protocol pressured the GBP.
2️⃣ Ongoing concerns that the opening of the UK economy could still be delayed due to the implication of the Delta variant of the coronavirus, which reported to be around 40% more transmissible.
USD - Weak Bullish
1️⃣ Treasury Secretary Janet Yellen again made the case for President Biden's $4 trillion spending package and said higher interest rates would be a ‘Plus’ for the US.
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Technical
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We are selling the GBPUSD at the pivot point on the H1 chart.
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Risk to this trade
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Any change in sentiment could turn the pair's direction.
1️⃣ Rising tensions between the UK and EU over the Northern Ireland protocol pressured the GBP.
2️⃣ Ongoing concerns that the opening of the UK economy could still be delayed due to the implication of the Delta variant of the coronavirus, which reported to be around 40% more transmissible.
USD - Weak Bullish
1️⃣ Treasury Secretary Janet Yellen again made the case for President Biden's $4 trillion spending package and said higher interest rates would be a ‘Plus’ for the US.
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Technical
=====
We are selling the GBPUSD at the pivot point on the H1 chart.
=====
Risk to this trade
=====
Any change in sentiment could turn the pair's direction.
Trade active
Trade closed: stop reached:
❌ TRADE HAS HIT STOP LOSS
-30 PIPS
GBP gained some strength during US pre-market.
-30 PIPS
GBP gained some strength during US pre-market.