GBPUSD
Technical Analysis
GBPUSD have big potential to sell around 1.27197. 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 1.26062 and stoploss area 1.27740.
Fundamental Analysis
The outlook for the UK economy is uncertain, and it will depend on a number of factors, including the evolution of inflation, the pace of interest rate hikes, and the global economic environment. However, the strong labor market and the expected pick-up in business investment provide some grounds for optimism.
DISCLAIMER:The information on this analysis is based on research and experience, and it is not guaranteed to be accurate or complete
