OpeyemiJonah

Wednesday NYO Price Action

FX:GBPUSD   British Pound / U.S. Dollar
News Event: CAD High Impact @ 8:30 am est, No Med or High USD news

Dollar: Bearish Flow on H4, aiming for equal lows

US Equities: Bullish Flow, aiming for Clean Daily Highs

Dollar Crosses: Bullish Flow, aiming for HTF Premium PD Arrays.

The GBPUSD wasn't convincing to buy during NYO, but then the Dollar showing strong indication to go lower and some patience to follow through with it. Since GBP has a higher interest rate compared to the EUR the buy is highly favored for GBPUSD.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.