Jan-March 2021 Target 1.06
Risk to the upside limited, with careful entry.
Pair is in a 15 year bearish decline, but currently positioned in the upper 1/3 of the channel. The U.K. has forecast anemic growth this year, and telegraphed no intention to raise rates any time soon. Adding to this the continued uncertainty about the fallout of the actual Brexit, GBP will lose ground against both the EUR and USD.
In opposition the USA has forecast positive GDP growth this year, around 2%. Modest wage increases will add to inflation concerns and put upward pressure on rates and the dollar.
Disclaimer:I am short from 1.32. I trade for fun and to help keep me interest in global economics. Do not trade based on my opinion, do your own work. If we happen to generally agree it would be great to hear from you, especially if you are seeing something slightly different.
Risk to the upside limited, with careful entry.
Pair is in a 15 year bearish decline, but currently positioned in the upper 1/3 of the channel. The U.K. has forecast anemic growth this year, and telegraphed no intention to raise rates any time soon. Adding to this the continued uncertainty about the fallout of the actual Brexit, GBP will lose ground against both the EUR and USD.
In opposition the USA has forecast positive GDP growth this year, around 2%. Modest wage increases will add to inflation concerns and put upward pressure on rates and the dollar.
Disclaimer:I am short from 1.32. I trade for fun and to help keep me interest in global economics. Do not trade based on my opinion, do your own work. If we happen to generally agree it would be great to hear from you, especially if you are seeing something slightly different.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.