Trading Room

Weekly Forex Analysis July 10 – 14 – Bad News For USD: Inflation is Under Control in The US

July 10, 2023 | 5:02 pm | The 5%ers' Blog > Trading Room
July 10, 2023 | 5:02 pm
The 5%ers' Blog > Trading Room

GBPJPY is approaching a strong and old supply from years ago

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In today’s trading room, we established a new bearish bias for USD as inflation in the US is expected to come lower; thus, demand for USD will not increase.

We found selling opportunities in GBP/JPY and USD/CAD.

GBP/JPY setup is a divergence setup that can easily be seen on the Daily Chart, approaching a strong and old supply from years ago.

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