GBPUSD short-term trading strategy
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Dear friends, GBP/USD is trying to recover after stalling its 3-day advance in the previous session and is trying to rise in the near term. The pair struggled in the previous session and was affected by the strength of the US dollar (USD) following the release of economic data from the United States (US). Investors appear to be aware of continued inflation and a slowing economy in the United States.
The US Dollar Index (DXY) has fallen after two straight days of gains and is trading around 103.70 at the time of writing. The US dollar continues to correct following the release of weak US economic data, but is losing momentum as equity prices rise. Therefore, it is not surprising that Serena is expected to trend down in the short term and drop to the 1.2290 level. What do you think about this topic?
The US Dollar Index (DXY) has fallen after two straight days of gains and is trading around 103.70 at the time of writing. The US dollar continues to correct following the release of weak US economic data, but is losing momentum as equity prices rise. Therefore, it is not surprising that Serena is expected to trend down in the short term and drop to the 1.2290 level. What do you think about this topic?
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