GBPUSD - Short-term rallies will almost certainly be selling opportunities in the market that has been negative for a while.
After all, the Bank of England has stated that they fully anticipate that the British economy is about to head into a recession. At the same time, there are a lot of questions as to whether or not the Federal Reserve is going to continue tightening at the pace they have been, which obviously would have a major influence on where things go next.so I don’t think there’s any reason to change the approach, as it is still a market that you are looking to fade on rallies.
The US dollar is still the world’s favorite currency at the moment, so that’s the one thing that you need to keep in the back of your mind.of the British pound, even though we are pretty long in the tooth when it comes to this downtrend.
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