💎 Pair Name : GBP/USD Setup
🕐 4HR'S Chart
📋 Educational
🧾 : WHY IS GBPNZD GOING DOWN?
Economic indicators such as GDP growth, inflation rates, and employment figures can significantly impact the value of a currency. If the United Kingdom's economic data is weaker than expected or lags behind that of the United States, it can lead to a decrease in the GBP/USD exchange rate Central bank policies play a crucial role in currency movements. When the Bank of England lowers interest rates or adopts a dovish stance compared to the U.S. Federal Reserve, it can lead to a depreciation of the British pound relative to the U.S. dollar.
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Bearish Break
1.23100 Area
Reasons
Major Turn level
Weak Low
Breaker / BoS
inner trend
Visible Range HVN
Liquidity
Fib Golden
Quarter's Area
Bullish Reversal
1.19500 - 1.18000 Area
Reasons
Major Turn level / D
inner Trend
Chcoh Area
Fixed Range
Visible range Lvn
ESL
——————————
🕐 4HR'S Chart
📋 Educational
🧾 : WHY IS GBPNZD GOING DOWN?
Economic indicators such as GDP growth, inflation rates, and employment figures can significantly impact the value of a currency. If the United Kingdom's economic data is weaker than expected or lags behind that of the United States, it can lead to a decrease in the GBP/USD exchange rate Central bank policies play a crucial role in currency movements. When the Bank of England lowers interest rates or adopts a dovish stance compared to the U.S. Federal Reserve, it can lead to a depreciation of the British pound relative to the U.S. dollar.
——————————
Bearish Break
1.23100 Area
Reasons
Major Turn level
Weak Low
Breaker / BoS
inner trend
Visible Range HVN
Liquidity
Fib Golden
Quarter's Area
Bullish Reversal
1.19500 - 1.18000 Area
Reasons
Major Turn level / D
inner Trend
Chcoh Area
Fixed Range
Visible range Lvn
ESL
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