GBPUSD D1 - Long Signal

2023年11月22日

In tandem with the analysis of the dollar index and the subsequent evaluations of AUDUSD and EURUSD... The ongoing trend of a weakening dollar shows no signs of abating. That being said, 1.25 is our confluence zone and buy region.

Over the past 18 months, we witnessed a prolonged series of interest rate hikes, and the market is now experiencing a sense of relief from that sustained pressure.

The ascent of US stocks is notable, driven by the backdrop of a softening dollar. Much of the risk pricing has already been factored in, leading to a scenario where various markets are becoming more closely correlated.