British Pound / U.S Dollar 4hr gbp/usd
target 1.19 bullish case, we are in down trend, although falling wedges tend to break to the upside 68% of the time. looking for a bounce of the trend line, hit resistance, then test, slight downside before a break of resistance to 1.19. could take couple weeks to play out,
Day's Range 1.1602 - 1.1694
52 Week Range 1.1602 - 1.3913
Ask 1.1648
long term we could see alot of downside for gbp as dire forecast from Citigroup, which expects UK inflation to reach 18.6% next year for the first time since 1976 as energy prices rocket amid the cost of living crisis.
Day's Range 1.1602 - 1.1694
52 Week Range 1.1602 - 1.3913
Ask 1.1648
long term we could see alot of downside for gbp as dire forecast from Citigroup, which expects UK inflation to reach 18.6% next year for the first time since 1976 as energy prices rocket amid the cost of living crisis.
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