GBPUSD BUY BIAS
We saw the rally in USD last week after the fed speech on Thursdays when Powel said they are committed to bring inflation down to 2% target and they will not hesitate to hike rate if need be which drag GBPUSD lower, Later on Friday we saw as the investors were taking their profit for the week; my bias for this week is GBPUSD to the upside because if you check the chart the last week moves looks like a retracement move after the previous rally in the pair, if price stays above 1.22148 i will be on GBPUSD LONG bias but if the price close below the level that's when i will likely change my bias
We saw the rally in USD last week after the fed speech on Thursdays when Powel said they are committed to bring inflation down to 2% target and they will not hesitate to hike rate if need be which drag GBPUSD lower, Later on Friday we saw as the investors were taking their profit for the week; my bias for this week is GBPUSD to the upside because if you check the chart the last week moves looks like a retracement move after the previous rally in the pair, if price stays above 1.22148 i will be on GBPUSD LONG bias but if the price close below the level that's when i will likely change my bias