📊 Technical Analysis
● Price pierced the blue-labelled trend-line and is threatening to exit a month-long contracting triangle; successive higher lows since 3 Jul show demand absorbing every dip.
● A confirmed H1 close above 1.3650 completes the pattern, unlocking the 1.3700-1.3720 supply zone (June range cap) with measured-move scope toward the broader channel midpoint at 1.3770.
💡 Fundamental Analysis
● Post-election political clarity and an uptick in UK 2-yr gilt yields narrow the policy-gap, while Friday’s softer US NFP trims Fed-rate expectations—both favouring sterling over the dollar.
✨ Summary
Buy 1.3620-1.3650; break >1.3650 targets 1.3700 → 1.3770. Long bias void on an H1 close below 1.3590.
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● Price pierced the blue-labelled trend-line and is threatening to exit a month-long contracting triangle; successive higher lows since 3 Jul show demand absorbing every dip.
● A confirmed H1 close above 1.3650 completes the pattern, unlocking the 1.3700-1.3720 supply zone (June range cap) with measured-move scope toward the broader channel midpoint at 1.3770.
💡 Fundamental Analysis
● Post-election political clarity and an uptick in UK 2-yr gilt yields narrow the policy-gap, while Friday’s softer US NFP trims Fed-rate expectations—both favouring sterling over the dollar.
✨ Summary
Buy 1.3620-1.3650; break >1.3650 targets 1.3700 → 1.3770. Long bias void on an H1 close below 1.3590.
-------------------
Share your opinion in the comments and support the idea with a like. Thanks for your support!
90% accuracy in telegram
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Crypto signals in telegram
@DeGRAMCrypto
🔻FREE Telegram channel🔻
t.me/DeGRAMChannel
Crypto signals in telegram
@DeGRAMCrypto
Related publications
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.
90% accuracy in telegram
🔻FREE Telegram channel🔻
t.me/DeGRAMChannel
Crypto signals in telegram
@DeGRAMCrypto
🔻FREE Telegram channel🔻
t.me/DeGRAMChannel
Crypto signals in telegram
@DeGRAMCrypto
Related publications
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.