Short-term Resistance on GBP/USD
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I hinted at the possibility of GBP/USD falling after Parliament voted in favor of Theresa May to renegotiate the Brexit deal. That possibility disappeared after the FOMC meeting sent the dollar lower, with the Fed appearing impatient with changes in monetary policy as it believes its case for rate hikes has weakened. While the cable showed a slight uptick on the news, selling pressure quickly came around 1.3150, which I think is due to the idea that a 'no deal' Brexit is still a possibility, given the dominance of the recent policy statement monetary Fed. Given this price action, I am short-term biased and tomorrow's US jobs report could bring some volatility and another opportunity to play my biases to a better price. of
You are now reading the article Short-term Resistance on GBP/USD with link address https://veronikatomczak.blogspot.com/2022/08/short-term-resistance-on-gbpusd.html
Judul : Short-term Resistance on GBP/USD
Short-term Resistance on GBP/USD
I hinted at the possibility of GBP/USD falling after Parliament voted in favor of Theresa May to renegotiate the Brexit deal. That possibility disappeared after the FOMC meeting sent the dollar lower, with the Fed appearing impatient with changes in monetary policy as it believes its case for rate hikes has weakened. While the cable showed a slight uptick on the news, selling pressure quickly came around 1.3150, which I think is due to the idea that a 'no deal' Brexit is still a possibility, given the dominance of the recent policy statement monetary Fed. Given this price action, I am short-term biased and tomorrow's US jobs report could bring some volatility and another opportunity to play my biases to a better price. of
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You are now reading the article Short-term Resistance on GBP/USD with link address https://veronikatomczak.blogspot.com/2022/08/short-term-resistance-on-gbpusd.html
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