Traders increased selling in GBP to a 16-month high amid expectations that the Central Bank of England will start cutting interest rates sooner than the US Fed. Investors are expecting the GDP of both countries (UK and US) on Wednesday and Thursday. This will help to form a medium-term strategy.
Technically, price is heading towards the 1.270 zone of interest (psychological area), which previously played the underlying consolidation support. A retest and capture of the liquids could change the imbalance in the market, which could lead to an intensified sell-off from the said area
Resistance levels: 1.27, 1.275
Support levels: 1.26, 1.257
The dollar index looks stronger than the pound sterling, which continues to weaken due to fundamental reasons. The Feds are not yet ready to take premature action, which generally determines a negative fundamental background for the currency pair.
Regards R. Linda!
トレード稼働中:
Price is testing the area of interest
Price consolidation below 1.27 will form a bearish potential
Price consolidation below 1.27 will form a bearish potential
トレード稼働中:
The currency pair is consolidating below the key resistance from which the downward momentum may resume
トレード稼働中:
A rebound from the specified resistance area is formed.
Trading with a small stop loss allows you to quickly take the target, for example 3 to 1 (base value)
Trading with a small stop loss allows you to quickly take the target, for example 3 to 1 (base value)
トレード終了: 利益確定目標に到達:
Target 1 reached!
トレード稼働中:
トレード稼働中:
トレード稼働中:
Traders do not believe in the change of the market character to bullish.
The fall will continue after the breakout of the nearest support
Retest of the key support is forming
Traders do not believe in the change of the market character to bullish.
The fall will continue after the breakout of the nearest support
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NO‼️
You❗️CAN and ❗️SHOULD make money in trading!
Join me, I'll guide you to PROFITABLE TRADING💵!
🟢Free Telegram Channel:
t.me/RLindaTrade
🔴Contact:
t.me/RLindaSignals
🧿Web: rlinda.com