GBPUSD 2/3/21
Day trade potential position.
Overall daily chart uptrend / 1H uptrend
Price expected to hit 4H 50sma high before slight rejection. BB mid band sharp edge would potentially slow the bulls down, but there's nothing much to worry as DXY bearish flag pattern has formed.
With 10 years treasure yield and inflation expectation in the US has negative impact on the dollar, dollar to remain bearish.
Overall daily chart uptrend / 1H uptrend
Price expected to hit 4H 50sma high before slight rejection. BB mid band sharp edge would potentially slow the bulls down, but there's nothing much to worry as DXY bearish flag pattern has formed.
With 10 years treasure yield and inflation expectation in the US has negative impact on the dollar, dollar to remain bearish.
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