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Analysis on #GBPUSD
The dollar has been rallying recently while the bond yield kept on falling while the macroeconomic data kept on supporting Dollar strength and you would expect the bond yield to rally as well, my explanation to what happens is the market is fearing inflation.
If you look at any USD chart you will see a divergence between price and RSI this is a sign to me to look for dollar sell on the higher time frame if we reach major support level like in this chart on GBPUSD I see the market reaching the support level where the market rallied 500 pips in total for me it is a good place to look for abuy trade.
Check today analysis below⠀
>>“ Do More of What Is Working and Less of What Doesn't"
Analysis on #GBPUSD
The dollar has been rallying recently while the bond yield kept on falling while the macroeconomic data kept on supporting Dollar strength and you would expect the bond yield to rally as well, my explanation to what happens is the market is fearing inflation.
If you look at any USD chart you will see a divergence between price and RSI this is a sign to me to look for dollar sell on the higher time frame if we reach major support level like in this chart on GBPUSD I see the market reaching the support level where the market rallied 500 pips in total for me it is a good place to look for abuy trade.
Check today analysis below⠀
>>“ Do More of What Is Working and Less of What Doesn't"
