AIRFOREXONE_

GBPUSD : consolidation and potential Bull Breakout

Long
FX:GBPUSD   British Pound / U.S. Dollar

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here's my point of view about GBPUSD , As always this is not any financial advise.

fundamentals ACCORIDNG TO FXSTREETS:

  • Sterling could come on top if a more stable Conservative PM emerges

  • The Bank of England's rhetoric remains hawkish

  • BoE's path to normalisation has just been made fractionally easier

  • Higher UK yields are on the horizo

  • Central banks get eager to taper

  • Yield differentials support the pound

  • Worries about a second referendum on Scottish independence appear to have retreated somewhat

  • BoE conveys an upbeat message on the economy

  • British economic data continue to improve

  • Bank of England see hopeful signs ahead for the UK

  • The UK’s amazing vaccination prowess strengthen the pound
    Vaccine optimism and shelving of negative rates to drive sterling higher

  • BoE has left its rates unchanged, yet all but closed the door on negative rates

As you can see price is struggling to push to the downside , and it's forming some continuation pattern , next week i will wait a break or potential demand formation , just like my previous post about AUDUSD same kind of figure. let me know in the comment section your point of view

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