to trade and code, keep both simple... no call to impress....h
-
GBP/USD bears are lurking around what could be the peak of the bullish cycle
GBP/USD is 0.2% higher at the time of writing on the first day of the week. However, the Pound Sterling is essentially consolidating a move from the potential peak of the current bullish cycle that met highs in the 1.2450s ahead of the Federal Reserve (Fed) and Bank of England (BoE) interest rate decisions last week. GBP/USD has since tumbled to a 1.2120 structure low and on Monday it has travelled between a low of 1.2168 and a high of 1.2241 so far. Overall, the US Dollar has been softer over the last two full trading days due to an improved appetite for risk despite the prospects of recessions and higher interest ... (full story)