Maras_FX

GBP/USD LONG OPPORTUNITY

Long
OANDA:GBPUSD   British Pound / U.S. Dollar
GU looks like a good buy opportunity from a technical and fundamental perspective, the Dollar index is currently testing a strong resistance zone and a strong trend line and it is very likely that the Dollar index will go lower in the next few weeks which will mean that GBP/USD is ready for another bullish wave. I will not go into a more extensive Fundamental Analysis now, but the British Pound is bullish against the Dollar due to the high CPI. Which means that the BOE still has room to raise interest rates to push inflation to the desired 2%

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