GBP - BEARISH
1️⃣ The latest disagreements over the UK truckers’ access to Europe risk breakdown of the seventh round of Brexit negotiations.
2️⃣ A turnaround in the global risk sentiment extended some support to the USD's relative safe-haven status.
3️⃣ Tomorrow retail sales expect to print negative due to weaker BRC retail sales and average hourly earnings.
USD - BULLISH
1️⃣ FOMC minutes showing the Fed remains very concerned about the US economic recovery and is considering keeping agressive stimulus measures for longer.
2️⃣ Gloomy US Fed comments, US-China tensions, a fall in oil prices and a spike in new coronavirus infections triggered demand for safe haven currency like USD.
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TECHNICAL
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- We shorting GBPUSD on SBR level + SMA100 area in H1 chart + SMA100 area. Stop loss on the next resistance.
- GBPUSD in bearish zone.
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RISK TO THIS TRADE
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- Trade will hit stop loss if Brexit issues going positive and U.K. retail sales tomorrow print positive numbers.
1️⃣ The latest disagreements over the UK truckers’ access to Europe risk breakdown of the seventh round of Brexit negotiations.
2️⃣ A turnaround in the global risk sentiment extended some support to the USD's relative safe-haven status.
3️⃣ Tomorrow retail sales expect to print negative due to weaker BRC retail sales and average hourly earnings.
USD - BULLISH
1️⃣ FOMC minutes showing the Fed remains very concerned about the US economic recovery and is considering keeping agressive stimulus measures for longer.
2️⃣ Gloomy US Fed comments, US-China tensions, a fall in oil prices and a spike in new coronavirus infections triggered demand for safe haven currency like USD.
=====
TECHNICAL
=====
- We shorting GBPUSD on SBR level + SMA100 area in H1 chart + SMA100 area. Stop loss on the next resistance.
- GBPUSD in bearish zone.
=====
RISK TO THIS TRADE
====
- Trade will hit stop loss if Brexit issues going positive and U.K. retail sales tomorrow print positive numbers.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.