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GBPUSD
As you can see above, there is a lot of macroeconomic data today. Yesterday’s speech by Powell misled investors and initial gains were quickly reduced after the press conference. Today there will be a continuation of stronger movements in the market, and for us the data for Germany is important, because despite everything the European economy still has an influence on England (smaller and smaller, but still noticeable). And of course the data will be at 1pm European time.
What do we expect today at the price. What I expected yesterday, bearing in mind, however, that we are in a downward trend and until the level marked with a cross is broken, we have to focus on entering positions. In case of breaking the level above the blue line, we start building long positions.
