Technical Overview: - GBP/USD Check out our previous posted analysis LAST WEEK ^
Pound had been on a very strong rally, we had been eyeing this very zone for a long time and have called longs for this very reason. Last week we were getting closer to our target and we mentioned we will be looking for sell offs at this zone bringing us back down to oversold areas. We were not able to add to our positions due to high pricing, we need to use this as a way of entering on buy opportunities.
Fundamental Analysis - Dollar Stimulus bill has been passed, this is a 1.9 trillion dollar deal and you know they are printing this faster than the wind. This is good for the stock market, but certainly bad for the DXY and down the line many years from now we will experience the worst inflation because of all this.
Analysis is only 1 piece of the puzzle 🧩
Our analysis is a sentiment for the upcoming week, month. Use this as a weather forecast, you are the person that has to put on a jacket when it’s raining. Trade this sentiment based off your own entry strategy at the right time.
Flow with the Devil 😈 Trade with the manipulation👾