GBPUSD Long before the US Rate?
On GBP/USD, I am betting on a rise this morning before the rate announcement. I am expecting a weakening of the dollar, as large banks are starting to sell the currency in anticipation of buying it back at a more advantageous price after the data release. This setup comes with a very high risk.
Let me know what you think.
Happy trading to all.
Forex48 Trading Academy
Let me know what you think.
Happy trading to all.
Forex48 Trading Academy
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.