GBP Long Opportunity

20 ก.พ. 2022

Higher Low on Monthly
MACD positive on the weekly
Adaptive RSI is Positive

Breakout from downward structure and in a bullish channel
Stop Loss set below structure 1.349
Take profit at top of channel - 1.387

Bank of England is ahead of the Federal Reserve with Rate Hikes:
-December 16th from .1% to .25%
-Feb 3rd from .25% to .5%

I expect GBP to continue to rise until the Fed actually increases rates (sometime in March). Then the USD will further gain strength