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JoeChampion
Apr 16, 2023 3:08 PM

GBPUSD Potential short term downsides Short

British Pound/U.S. DollarFXCM

Description

Hey Traders, GBPUSD was trading in an uptrend and successfully managed to break it out after sudden hawkish comments from fed waller the previous days "Fed needs to keep raising interest rates" , "Fed hasn't made much progress on inflation goal" which had triggered some USD strength. Technically we have noticed a breakout of the trend so if we get a decent pullback we will look for a potential retrace of the trend.
Trade safe, Joe.
Comments
FirstNameHelen
Interesting view, I'm probably agree with your analitycs
JoeChampion
Lingrid
Good view! Thanks
JoeChampion
@Lingrid, cheers!
ProjectSyndicate
upvoted to support you
JoeChampion
FOREXN1
Agree the price is Growing before have a Pullback on the dynamic trendline
JoeChampion
@FOREXN1, Thank you!
MarsSignals
great to know
JoeChampion
@MarsSignals, Cheers!
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