GBP/USD Technical Analysis: Will Inflation Force a Hawkish Tilt at the BoE?
In our last article, we looked at a potential bullish reversal in GBP/USD after the pair printed a morning star formation on the Daily chart. With that morning star showing up around the Jackson Hole Economic Symposium as the U.S. Dollar extended it’s 2017 down-trend, there were setups on both sides of the pair. But as prices ascended through the 1.2929-level, bullish exposure became more attractive as that previous bearish trend gave way to higher prices. The previous bearish trend began after the BoE’s Super Thursday event in early August. After coming into the month flying high on the basis of stronger inflation potentially pushing ... (full story)
- Posted: Sep 11, 2017 2:15pm
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