GBP/USD recovers from the recent losses ahead of UK CPI. The monthly inflation could fuel speculation for another interest rate hike by BoE. US Dollar encounters difficulties amid dovish remarks from several Federal Reserve members. GBP/USD retraces the recent gains registered in the previous session, trading lower around 1.2200 during the Asian session on...
⚡️GBP/USD continues the losing streak that began on September 20, trading below 1.2150 during the Asian session on Wednesday. Upbeat economic data from the United States (US) reinforces the prevailing pressure on the pair. ⚡️US Consumer Confidence released on Tuesday for September declined to 103.0 from the previous reading of 108.7 in August. While Building...
Time Frame: 4H Symbol: GBPUSD Bias: Short GBPUSD is currently heading upwards but the upward movement is not fueled by strong momentum which is an obvious sign of falling down. We expect GBPUSD will have a sharp fall after retesting the resistance level.
gbpusd buy from 1.21046 Tp 1.23580 sl 1.20124