The Way looks clear for continued GBP STRENGTH accross the Majors.
Having Taken Top spot On our CURRENCY HEAT MAP late January 2021
GBP has given Great trade opportunities throughout this month of FEBRUARY
From here it looks like we will have a nice BULLISH CLOSE on the MONTHLY CANDLE.
The next MAJOR PIVOT price Resistance & TARGET comes in at 153.150
Fundamentals:- We have quite a few data announcements out this week which suggest an increase in average hourly earnings, cpi and gdp. After the sell off on the GBP today I would suggest this is just a price correction from Fridays up leg and we should see a further increase on the GBP especially against the weaker currencies such as the JPY.
Technicals:- As you...