GBP/USD: Review!!!

2022년 10월 24일

In this review, I made an analysis in short position after this fundamental analysis that I told in the past to review again:

1) Britain's new Financer Minister Jeremy Hund on Monday scrapped Prime Minister Lizz Truss's economic plan, which had sapped investor confidence in Britain in recent weeks.
2) The British finance minister take decision to reverse most of the government's "mini budget" prompted investor to reassess the outlook of UK interest rates
3) Bank of England comment that they will go ahead with plans to start selling some of its huge stock of government bonds with the first sale due on November 1 2022, a day later than previsouly planned to avoid clashing with a government fiscal statement.
4) Sterling retained strenght as investor sentiment soared as the UK rowed back on its ill-fated tax-slashing mini-budget which had roiled markets.
***5) The boosting sentiment about the tax cuts previously announced by Prime minister Liz Truss, now on today UK new finance minister Jeremy Hunt has canceled nearly all of them fiscal plans that prompted New Prime Minister Liz Truss.
6) As UK government announced the program to cut ta and reduce public spending, there're a potential risk of recession are still growing in the UK economy since 2021, forcing to raise taxes and weigh deep spending cuts.

So, based in this review. I made an excellent analysis in Pound/Dollar in the past week. Entering in the smart point in $1.1351 USD and take profit exactly at $1.1171 USD. What I got 179 pips earned in this trade. But as this was very coincidence that my target was very fix an hours more later, the price climbed that would have to take my break even that I putted. But I got 16.34% earned in this trade and also starting this week and this month, too.

This analysis was excellent driven by fundamental news very well!!!

So, let's continue following how the market move tomorrow in Forex market!!!

See you tomorrow!!!