GBP - Strong Bullish
1️⃣ BOE official Michael Saunders says investors are entitled to place expectations on faster borrowing costs, while Governor Andrew Bailey warns that inflationary pressures are very worrying unless policymakers take action.
2️⃣ According to a Sky News report on Tuesday, UK Prime Minister Boris Johnson revealed as much as GBP 9.7 billion of foreign investment will be invested into the UK economy, which could create 30,000 jobs.
3️⃣ The UK inflation rate is expected to increase in September as the price component in both PMIs soared in the reported month.
CHF - Weak Bearish
1️⃣ The price value on EUR/CHF is currently under SNB monitoring, which could lead to the central bank’s intervention at any time.
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Technical
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We are buying the GBPCHF after the price bounced back at the support level.
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Risk to this trade
=====
Any change in sentiment could turn the pair's direction.
Don't forget to like, comment, and subscribe for more ideas.
1️⃣ BOE official Michael Saunders says investors are entitled to place expectations on faster borrowing costs, while Governor Andrew Bailey warns that inflationary pressures are very worrying unless policymakers take action.
2️⃣ According to a Sky News report on Tuesday, UK Prime Minister Boris Johnson revealed as much as GBP 9.7 billion of foreign investment will be invested into the UK economy, which could create 30,000 jobs.
3️⃣ The UK inflation rate is expected to increase in September as the price component in both PMIs soared in the reported month.
CHF - Weak Bearish
1️⃣ The price value on EUR/CHF is currently under SNB monitoring, which could lead to the central bank’s intervention at any time.
=====
Technical
=====
We are buying the GBPCHF after the price bounced back at the support level.
=====
Risk to this trade
=====
Any change in sentiment could turn the pair's direction.
Don't forget to like, comment, and subscribe for more ideas.
Trade active
Trade closed: target reached:
✅ TRADE HAS HIT TP
+50 PIPS
+50 PIPS