GBPUSD
Technical Analysis
GBPUSD have big potential to sell around 1.28671. This particular area have big resistance or rejection from the previous level higher time frame, it means lots of buyers took profit and sellers decided to involve in. Based on volume indicator the momentum for buyer is weakening. Target price at 1.28170
Fundamental Analysis
The US dollar economic condition today is mixed. On the one hand, the US economy is still growing, albeit at a slower pace than in recent years. Unemployment is at a 50-year low, and wages are rising. This is all good news for the dollar.
On the other hand, inflation is also rising, and is now at a 40-year high. The Federal Reserve is raising interest rates in an attempt to cool inflation, but this could slow economic growth. This could put downward pressure on the dollar.
Overall, the US dollar economic condition is still strong, but there are some risks on the horizon. The dollar could weaken if inflation continues to rise or if the US economy slows down.
DISCLAIMER:The information on this analysis is based on research and experience, and it is not guaranteed to be accurate or complete
