Ramadhan Kareem to all Muslim members.
May the first 2 week and the Taraweeh Prayers be easy for you, your family and myself.
GU
Fundamental
Given many previous BOE rate hike and UK CPI was bearish for cable, due to negative GDP;
Last month GDP m/m was 0.3% which made GU up for > expected UK CPI- meaning UK can still hold more rate hike.
Rate hike 25bps ig by now is fully priced in- so possible to see Longs TP of BOE Hike (MM use Red news to readjust their portfolio)
TA
GU currently sit at a Daily Szone, the best it can go is to 1.2374 4hr Supply.
Currently flat- preparing to short at any time
May the first 2 week and the Taraweeh Prayers be easy for you, your family and myself.
GU
Fundamental
Given many previous BOE rate hike and UK CPI was bearish for cable, due to negative GDP;
Last month GDP m/m was 0.3% which made GU up for > expected UK CPI- meaning UK can still hold more rate hike.
Rate hike 25bps ig by now is fully priced in- so possible to see Longs TP of BOE Hike (MM use Red news to readjust their portfolio)
TA
GU currently sit at a Daily Szone, the best it can go is to 1.2374 4hr Supply.
Currently flat- preparing to short at any time
More time in the market, does not mean you trade better!
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