I continue to see the pound as vulnerable to the ongoing gradual building of expectations of negative interest rates being adopted in the UK. The 5-year Gilt yield record low of -0.094% was threatened last week with the economic data this week failing to shift these building expectations. In spite of the market struggles, GBPUSD continues to consolidate and moves in sideways as you can see the price hovering around the trend line.
Key Trading Plan:
i) LONG from the current price to the resistance level of 1.28234.
ii) SHORT if the price breaks the support level 1.24663 with the Take Profit Target at 1.22743.
‼️Disclaimer: Please be advised that we are NOT Financial Advisors. We are not responsible for the results of your Forex or CFDs trading. The only person responsible for profits or losses is yourself. You should not consider any market information, educational and analytical material as trading advice that defines your trading actions but purely as educational market material. Please be advised that S.I.D. Capital shall not be liable for any errors in quotes and trading platform software errors.
‼️This Channel and all information is intended for educational purposes only and does not give financial advice. S.I.D. Capital Signals is not a service to provide legal and financial advice; any information provided here is only the personal opinion of the author (not advice or financial advice in any sense, and in the sense of any act, ordinance or law of any country) and must not be used for financial activities.
Key Trading Plan:
i) LONG from the current price to the resistance level of 1.28234.
ii) SHORT if the price breaks the support level 1.24663 with the Take Profit Target at 1.22743.
‼️Disclaimer: Please be advised that we are NOT Financial Advisors. We are not responsible for the results of your Forex or CFDs trading. The only person responsible for profits or losses is yourself. You should not consider any market information, educational and analytical material as trading advice that defines your trading actions but purely as educational market material. Please be advised that S.I.D. Capital shall not be liable for any errors in quotes and trading platform software errors.
‼️This Channel and all information is intended for educational purposes only and does not give financial advice. S.I.D. Capital Signals is not a service to provide legal and financial advice; any information provided here is only the personal opinion of the author (not advice or financial advice in any sense, and in the sense of any act, ordinance or law of any country) and must not be used for financial activities.