GBP/USD Weekend update🌐
🔵The British currency is still under pressure from the rising American dollar, Which is supported by expectations of tightening of the US Federal Reserve's monetary policy.The Bank of England is also set to further increase the interest rate,given fact that inflation in the UK in September exceeded the psychological barrier of 10.0%; in addition, the regulator is considering launching a quantitative tightening program.
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🔴Scenario 1:Short positions maybe opened after breakdown SP trend line which i pointed.
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🟢Scenario 2:A rebound from 1.1300 or breakout of RS trendline which i pointed long positions may be opened.
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Have nice Weekend💯
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🔴Scenario 1:Short positions maybe opened after breakdown SP trend line which i pointed.
.
.
🟢Scenario 2:A rebound from 1.1300 or breakout of RS trendline which i pointed long positions may be opened.
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Have nice Weekend💯
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