With a more Fundamental approach that was revealed recently, this is my own personal forecast going forward with this pair.
- Cutting NI tax
- Consumer prices slowly coming back down
- Energy costs coming down
We won't feel this impact for a while, over a few months or so when we see it in our Ingoings/Outgoings and have a bit more freedom to buy on luxuries.
I think we will see a new range of consolidation until later news reports reveal the growth of the GBP but before that point, I feel some market manipulation will occur so the Big Players can buy GBP at a much cheaper cost.
*The path drawn isn't to scale, the path is more for the bigger picture of things that we would see on the 4h or Daily TF*
- Cutting NI tax
- Consumer prices slowly coming back down
- Energy costs coming down
We won't feel this impact for a while, over a few months or so when we see it in our Ingoings/Outgoings and have a bit more freedom to buy on luxuries.
I think we will see a new range of consolidation until later news reports reveal the growth of the GBP but before that point, I feel some market manipulation will occur so the Big Players can buy GBP at a much cheaper cost.
*The path drawn isn't to scale, the path is more for the bigger picture of things that we would see on the 4h or Daily TF*
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.