GBPUSD: Bearish continuation, setting up for a nice drop?

2023年10月8日

Expecting another hike from the FED in November, supported by hawkish comments across the board to focus on reducing inflation to 2%, this is supported by positive data.

Real yields (bond yield - inflation) are positive for the dollar, they're negative for GBP and EUR.

We may still see another hike from BoE but the economy is in a mess. Need to watch for US Inflation data and UK GDP data this week.

Saw a nice bounce on this pair Friday but I think the fall will continue down to around 1.20, so waiting for a rejection from resistance on the LTF's and will then get in.

2023年10月12日

交易進行

2023年10月18日

手動結束交易

Grabbed some nice pips but bailing out here, thinking we may be looking at a reversal, will get back in if this proves wrong...