I really don't understand how most people are bullish on this pair. We followed a downtrend for several days to create a slight uptrend which was then broken by a big wick accompanied by high volumes.
Here it is a matter of resuming the underlying trend and not looking for a counter-trend (bullish) which for me does not hold in view of the current configuration.
-The number of building permits for the US is expected to rise, which will impact the current price of the GBP, even if the CPI figures come out on Wednesday.
This is just a personal opinion and not an investment advice.
Here it is a matter of resuming the underlying trend and not looking for a counter-trend (bullish) which for me does not hold in view of the current configuration.
-The number of building permits for the US is expected to rise, which will impact the current price of the GBP, even if the CPI figures come out on Wednesday.
This is just a personal opinion and not an investment advice.