Fundamental analysis: Andrew Bailey recently apologized for the unexpected rise of British CPI data. The postponement of raising interest made GBP weak af, which causes it breaks the daily and weekly support.
Technical analysis: Now we see GBPUSD is approaching another weekly support, this could be a potential reverse for GBPUSD. The high CPI data is giving British bank pressure to increase the interest in after-covid era. Once this market prediction is confirmed later on, GBPUSD will "to the moon!"
The stop loss would be under the support line and take profit should be at least 100 pips. This trade might take a while but trust me, it worths!
Winners are always watching H4, D1, W1, account blewers are always wathcing M1, M5, M15.
Technical analysis: Now we see GBPUSD is approaching another weekly support, this could be a potential reverse for GBPUSD. The high CPI data is giving British bank pressure to increase the interest in after-covid era. Once this market prediction is confirmed later on, GBPUSD will "to the moon!"
The stop loss would be under the support line and take profit should be at least 100 pips. This trade might take a while but trust me, it worths!
Winners are always watching H4, D1, W1, account blewers are always wathcing M1, M5, M15.
Trade active:
closed 40%