Paun British / Dolar A.S.Panjang
GBPUSD L/T DOWNSIDE IN FOCUS
Technical outlook weighing on GBP/USD as a break below bear flag support and multiple H&S downside breakouts on weekly charts suggest the sterling may not regain its luster vs. USD in the long term.
Fundamentally, higher Fed Funds rate and a widening interest rate differential on the back of a US FED beginning to walk the walk of tighter monetary policy lays down the brickwork for a firmer greenback across the board.
This is not an overnight trade, more-so a Soros like short position and is likely to play out in the following quarters but does offer positive risk:reward value if limit entries are met at 1.36 figure and 1.3750 respective for half of a short position each. Stops above the 1.4100 figure with take profits targeting the measured move objective of the bear flag breakout at the 1.10 and 1.05 figures provides a longer term opportunity with potential positive risk:reward value of 9 to 1.
Fundamentally, higher Fed Funds rate and a widening interest rate differential on the back of a US FED beginning to walk the walk of tighter monetary policy lays down the brickwork for a firmer greenback across the board.
This is not an overnight trade, more-so a Soros like short position and is likely to play out in the following quarters but does offer positive risk:reward value if limit entries are met at 1.36 figure and 1.3750 respective for half of a short position each. Stops above the 1.4100 figure with take profits targeting the measured move objective of the bear flag breakout at the 1.10 and 1.05 figures provides a longer term opportunity with potential positive risk:reward value of 9 to 1.
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.