GBPUSD weekly update 14-18.11.22
Last forecast you can see here:
GU moves in bullish channel. I am expecting to continue higher, after a retracement. The dollar is going down and this is another confirmation for bullish momentum.
SMT Divergence
The bullish direction is for now confirmed, because there is no SMT Divergence
Interest Rates
England is not much behind US, but the inflation is much much bigger. This lead me that GB will continue to increase the rates and if FED turn dovish this pair will continue up.
GU moves in bullish channel. I am expecting to continue higher, after a retracement. The dollar is going down and this is another confirmation for bullish momentum.
SMT Divergence
The bullish direction is for now confirmed, because there is no SMT Divergence
Interest Rates
England is not much behind US, but the inflation is much much bigger. This lead me that GB will continue to increase the rates and if FED turn dovish this pair will continue up.
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