Sterling: When FED is over, BOE takes the stage of 'liftoff'.

FX:GBPUSD   英镑/美元
178 0 2
- Fundamental Analysis

This week, absolutely market focuses on FED Meeting on Wednesday, but UK data and Sterling are also important.

Like I said in E/U analysis and in my page, I believe FED will hike rate and refuse to provide a clear path of next hike, it means I choose bearish bias for Dollar.

UK data this week:

- UK CPI            
- UK employment report.
- UK Retail Sales.

If UK CPI             on Tuesday is postive , Retail Sales on Thursday is also positive and vice versa : This is basic analysis. UK Employment report is released on Wednesday; this day market pays attention on FED Meeting, I ignore UK employment report. Hence, we only take care UK CPI             . The problem is performance of UK data last month were not good as market's expectation, so it's hard to have positive CPI             .

However, that is not my primary concern. surely, FED would hike rate, but who will follow FED ? It's only BOE.

BOE is expected the second central bank thinking about liftoff, so when FED is over, market comes back BOE and pricing for Sterling.

Hence, I think there is a lot of room to LONG GBPUSD             .

- Technical Analysis

There is no obvious resistance and support levels around current level of G/U. so it's hard to place stop loss and take profit also a good point to entry.

However, I see an interesting point. SMA100 + SMA200+long term descending trend line converge at one point around 1.5330

It's also 2 month high and the ceiling of Kumo cloud.

If GBPUSD             breaks long term descending trend line , this will trigger a strong rally of G/U, I expect this will happen.

Finally, I will BUY GBPUSD             to 1.5330 and further to 1.5500

English (UK)
English (IN)
Bahasa Indonesia
Bahasa Melayu
Tiếng Việt
首页 股票筛选器 外汇信号搜索器 加密货币信号搜索器 财经日历 如何运作 图表功能 网站规则 版主 网站 & 经纪商解决方案 插件 图表库 功能请求 博客 & 新闻 常见问题 帮助 & 维基 Twitter
个人资料 个人资料设置 账号和账单 我的支持标签 联系支持 已发表观点 粉丝 正在关注 私人消息 聊天 退出