“Tomorrow’s December payrolls figures and Wednesday’s December CPI print (economists expect a 5.2% YoY increase) should firm up expectations for a 25bps hike by the BoE roughly two weeks from now (~90% priced in). “A perfect combination of strong data and hawkishsounding BoE speakers would likely lead the GBP to a test of 1.38, at least, to then set the 1.40...
Once, it breaks previous support Wait for confirmation Then place long trade ! Lets wait and see !
The currency pair is trading under upward pressure. The market formed a continuation pattern at the breakdown of the level of 1.2786 and worked out the growth wave to 1.2855. Today we expect a drop link to the level of 1.2786. Then - growth to 1.2904.
Linked to this post is a 5 day time frame which indicates a top is near with this H&S pattern. Maybe one or two pumps left & then a deep dive down into the bre-x abyss!
Speaking shortly after Yellen , Fed Vice Chair Stanley Fischer said that her speech was " conformable " expectations of possible two rate increases this year , opening the door to increase in September.
On chart bullish trand GBR/USD. If price will go down - it is possibility to open order IN SHORT Parametrs for order you'll found on chart