Trade Of The Week: GBPUSD on cusp of major breakout?
From forextime.com
This may be triggered by a selection of high-risk events featuring central bank decisions and key economic data. In addition, the symmetrical triangle pattern on the daily charts has the potential to intensify the direction of any breakout/down opportunity. {chart} In the G10 space, Sterling has held its ground against the dollar year-to-date thanks to the BoE’s relatively hawkish tone amid stubborn inflation. Nevertheless, the GBP and USD remain trapped in a fierce tug of war with a fresh catalyst needed to shift the scales of power in one direction. Here are 3 factors that could trigger a breakout in the GBPUSD: ...
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