After breaking the GBPUSD pair 1.3860 level there is a buy trade opportunity which will help us to gain like 100 pips.
The target of the trade signal is given below
Pending BUY
BUY STOP : 1.3860
TP : 1.3960
SL : 1.3760
RR : 1:1
👉 Dollar Is Strong Again, Time To Buy?
As inflation rises, investors look to the Fed to tell us what they expect to do with their current monetary policy. A higher CPI means that we could see a rise in interest rates- or in this case- more than two hikes by 2023. Odds are that the Fed will continue to downplay inflation and the dollar could come back down. However, it would be bullish for the dollar if Powell promises more hikes or sooner-than-expected hikes. We will have to wait for what the Fed decides to do in their testimony tomorrow. Overall, this news is probably not as bullish for the dollar as it is gold since a weaker dollar is all investors see right now. Speculation of more hikes is still speculation.
The target of the trade signal is given below
Pending BUY
BUY STOP : 1.3860
TP : 1.3960
SL : 1.3760
RR : 1:1
👉 Dollar Is Strong Again, Time To Buy?
As inflation rises, investors look to the Fed to tell us what they expect to do with their current monetary policy. A higher CPI means that we could see a rise in interest rates- or in this case- more than two hikes by 2023. Odds are that the Fed will continue to downplay inflation and the dollar could come back down. However, it would be bullish for the dollar if Powell promises more hikes or sooner-than-expected hikes. We will have to wait for what the Fed decides to do in their testimony tomorrow. Overall, this news is probably not as bullish for the dollar as it is gold since a weaker dollar is all investors see right now. Speculation of more hikes is still speculation.
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