GBP/USD Trading  Controlled Under Important Fib Level Near 1.3550 as Forex Market Anticipates Important Risk Happenings

Azeez Mustapha

Updated:

Unlock Daily Forex Signals

Select a Plan

£39

1 - month
Subscription

Select

£89

3 - month
Subscription

Select

£129

6 - month
Subscription

Select

£399

Lifetime
Subscription

Select

£50

Separate Swing Trading Group

Select

Or

Get VIP forex signals, VIP crypto signals, swing signals, and forex course free for lifetime.

Just open an account with one our affiliate broker and make a minimum deposit: 250 USD.

Email [email protected] with a screenshot of funds on account to get access!

Sponsored by

Sponsored Sponsored
Checkmark

Service for copy trading. Our Algo automatically opens and closes trades.

Checkmark

The L2T Algo provides highly profitable signals with minimal risk.

Checkmark

24/7 cryptocurrency trading. While you sleep, we trade.

Checkmark

10 minute setup with substantial advantages. The manual is provided with the purchase.

Checkmark

79% Success rate. Our outcomes will excite you.

Checkmark

Up to 70 trades per month. There are more than 5 pairs available.

Checkmark

Monthly subscriptions begin at £58.


In matching the wide controlled beginning to the week in the world’s forex market as traders anticipate important US consumers value inflation data which can affect Federal reserve tightening anticipations tomorrow, GBP/USD remains confined around 1.3550. Truly,.two days ago the presence of 50 percent Fibonacci retracing backward for 2022 height which was at 1.3750 to 2022 dip around 1.3550s is ceiling the value action. However, a fall back to 1.3550 is still pulling purchasing interest.

Market Effectors

During the past week hawkish Bank of England was surprised, when 4 of 9 rate-setters balloted for a bigger 50 base points hike(as the rest balloted for a 25 base points hike) hasn’t offered durable aid to the pound. The pair couldn’t sustain above 1.3600 in the dawn of the Bank of England’s meeting before it was pushed back to 1.3500 by a powerful US labor market recount which induced a Federal reserve tightening gamble.

United kingdom is likely to keep the pound ceiled, as the country focuses on the threatening cost of living crisis. Bank of America declared yesterday that its measure of United kingdom household self-assurance in individual finance dipped to the lowest ever since they started the survey 5 years ago.

Failing to rally after last week’s Bank of America hawkish surprise will propose a downside risk for the pair furthermore if the USD can regain from its weak positioning in recent times. Breaking the 1.3500 support downward may give way to a fall back to the 1.3400 making the 1.3300 the next important support looking like last month’s dip.

You can purchase crypto coins here: Buy coins

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
9
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9

Share with other traders!

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

Leave a Reply

Your email address will not be published. Required fields are marked *