Herewith my first posting: GBP Daily
The Bank of England announces rates on Thursday and it seems like the credit crisis is a thing of the past and the carry trade has continued. Therefore we can assume that the UK's inflationary pressure will return soon - calling for more rate hikes in the future?
According to the chart above, price is heading towards the 2.0650 high emphasizing the bullish probability we can see within the bullish yearly trend.
Disclaimer: All statements and expressions in this analysis are opinions, and not meant as investment advice or solicitation. Forex can be volatile and opinions may change without notice
Great analysis
ReplyDelete