Hello traders!
‼️ This is my perspective on GBPUSD.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for longs. I expect price to continue the retracement to fill the imbalance lower and then to reject from bullish order block + institutional big figure 1.23000.
Fundamental analysis: As per last week results on NFP & Unemployment we can see a strength of USD which can support the retracement.Also, we have news events on USD on Wednesday 12th of April, will be released monthly and yearly CPI followed by a FOMC Meeting the same day. As well, on Thursday will be released monthly PPI in USA and monthly GDP in Great Britain which is forecasted to be lower than previous month, this can also support our retracement, as lower GDP means weakness of currency.
Like, comment and subscribe to be in touch with my content!
‼️ This is my perspective on GBPUSD.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for longs. I expect price to continue the retracement to fill the imbalance lower and then to reject from bullish order block + institutional big figure 1.23000.
Fundamental analysis: As per last week results on NFP & Unemployment we can see a strength of USD which can support the retracement.Also, we have news events on USD on Wednesday 12th of April, will be released monthly and yearly CPI followed by a FOMC Meeting the same day. As well, on Thursday will be released monthly PPI in USA and monthly GDP in Great Britain which is forecasted to be lower than previous month, this can also support our retracement, as lower GDP means weakness of currency.
Like, comment and subscribe to be in touch with my content!
❗️Check out my telegram channel with premium content.
t.me/Snick3rSD1
🌶 SpiceProp has 5% discount for any challenge.
🎁 Discount Code - SNICK5
💵 NPBFX broker - 100% deposit bonus -best trading conditions.
nmaffen.com/c1mp99nemznd
t.me/Snick3rSD1
🌶 SpiceProp has 5% discount for any challenge.
🎁 Discount Code - SNICK5
💵 NPBFX broker - 100% deposit bonus -best trading conditions.
nmaffen.com/c1mp99nemznd
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.
❗️Check out my telegram channel with premium content.
t.me/Snick3rSD1
🌶 SpiceProp has 5% discount for any challenge.
🎁 Discount Code - SNICK5
💵 NPBFX broker - 100% deposit bonus -best trading conditions.
nmaffen.com/c1mp99nemznd
t.me/Snick3rSD1
🌶 SpiceProp has 5% discount for any challenge.
🎁 Discount Code - SNICK5
💵 NPBFX broker - 100% deposit bonus -best trading conditions.
nmaffen.com/c1mp99nemznd
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.