RLinda ! GBPUSD-> Rollback Price. What's next?

GBPUSD weakened on Tuesday, but looks fairly confident, there are a number of reasons for that.
תמונת-בזק
  • Investors began to wonder about the future prospects of UK interest rates after the announcement of a new decision by Britain's finance minister to cancel most of the government's "mini-budget".
  • Sentiment was also bolstered by the news that the new British finance minister has reversed almost all of the tax cuts
  • The Bank of England intends to postpone quantitative tightening until the bond market calms down.

תמונת-בזק
From the point of view of the technical analysis we might see the formation of price growth gradually raising the local minimum, which might indicate a local uptrend.

At the moment the pullback to the support zone is forming, which will allow waiting for the price to enter the zone for finding a more comfortable entry point near the support of the price channel.
The short-term target in this situation is the zone of 1.14900, the medium-term target is the liquidity zone of 1.17342

Sincerely R. Linda!

כתב ויתור