Expect a higher push in GBPUSD following an anticipatory weakness in DXY indicated by the switch of money to safe haven.
Confluence: risk on. shift to risk on. Metals surge, palladium, Gold, and Silver should follow suit/ Similarly AUD/NZD/GBP/EUR should follow
GBPUSD classic setup to squeeze higher, expecting price to be pushed above the consolidation area, seeking deeper liquidity. No trying shorts/ the pain will be inevitable. Potential range fill and attack on all sellers(Buyside liquidity)
Blackswan event Russia-Ukraine as a news catalyst. The 0300hrsNY news-0430hrsNY news in the economic calendar should assist in increasing volatility.
Confluence: risk on. shift to risk on. Metals surge, palladium, Gold, and Silver should follow suit/ Similarly AUD/NZD/GBP/EUR should follow
GBPUSD classic setup to squeeze higher, expecting price to be pushed above the consolidation area, seeking deeper liquidity. No trying shorts/ the pain will be inevitable. Potential range fill and attack on all sellers(Buyside liquidity)
Blackswan event Russia-Ukraine as a news catalyst. The 0300hrsNY news-0430hrsNY news in the economic calendar should assist in increasing volatility.