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.
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‼️ 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!
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Contact me for any questions.
