TECHNICALS:
The GBP/USD pair failed to break above the 1.28 resistance and started to print a massive bearish candle on the daily chart.
The 1-hour chart is even more interesting, as it shows a break below a well-defined rising channel and a pullback to that level, which has been rejected immediately.
My traders and I are short on the pair since this morning.
INTEREST RATES:
2y yield differentials have been showing a strong divergence for quite some time, supporting our bearish view at the moment.
RISK SENTIMENT:
Since the pound was nicely following risk-on flows in the recent period, today's risk-off flows (with major stock indices down and VIX up) could accelerate a sell-off in the GBP and increase demand for the USD, support a bearish stance.
POSITIONING:
Finally, the latest futures positioning data showed a massive increase in GBP bearish bets and an overall bearish bias on the currency.
Please hit the "LIKE" button to support our work. Thanks!
The GBP/USD pair failed to break above the 1.28 resistance and started to print a massive bearish candle on the daily chart.
The 1-hour chart is even more interesting, as it shows a break below a well-defined rising channel and a pullback to that level, which has been rejected immediately.
My traders and I are short on the pair since this morning.
INTEREST RATES:
2y yield differentials have been showing a strong divergence for quite some time, supporting our bearish view at the moment.
RISK SENTIMENT:
Since the pound was nicely following risk-on flows in the recent period, today's risk-off flows (with major stock indices down and VIX up) could accelerate a sell-off in the GBP and increase demand for the USD, support a bearish stance.
POSITIONING:
Finally, the latest futures positioning data showed a massive increase in GBP bearish bets and an overall bearish bias on the currency.
Please hit the "LIKE" button to support our work. Thanks!
Verbundene Veröffentlichungen
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.
Verbundene Veröffentlichungen
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.