GBP/USD forecast movements

Fundamental analysis: as we know BOE increased 75bps interest rates to 3%, UK is suffering by increase inflation like other countries on Europe, Indicators economic like GDP, PMI PPI CPI and etc are still negative, I think BOE add more interest rates in future to prevent inflation increasing and suffering in economic. the only reason that GBP is get strength in the market is distribution of $ in two remaining months

Technical analysis: price bounce and had huge demand from 1.12, price is still on down trend but I think with a small correction price moving to 1.20 in next weeks...
Targets: 1.14, 1.15 , 1.17, 1.20

PLEASE LEAVE YOUR COMMENT
DO NOT FORGET TO LIKE