ショート

GBPUSD negatively decreases

アップデート済

Dear friends, GBPUSD continues to decline as predicted yesterday. It is currently trading in a narrow range around 1.2110. We are awaiting new catalysts from the Fed Chairman's speech later today to determine a clearer direction for the future.

Regarding technical analysis:

The market has formed a strong resistance level, acting as a consistent boundary. The price has tested this level multiple times, creating a shelf-like structure.

We expect GBPUSD to decline further, with an anticipated decrease around 1.2040.
What about you? Do you agree with this analysis?

トレード稼働中

ノート

The US future stock index has decreased from 0.1% to 0.2%. If the cash flow is safe to dominate in the context of escalating geopolitical tensions at the end of the day, GBP/USD may have difficulty achieving traction.

ノート

British Pound weakens after retail sales data

Weak retail sales data is one reason the pound is weakening. Currently GBP/USD is recovering to 1.2125 but this is largely due to the strong depreciation of the Dollar.

ノート

With a quiet Monday in the economic calendar, GBP traders will wait for data on labor and purchasing management index (PMI) of the United Kingdom on Tuesday.

ノート