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Despite technical bearishness, sentiment is bullish for the pound

by Neville Hornsey
11 November 2021
in Forex
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The US dollar index has smashed through resistance following the latest US inflation data. The pound is holding on to recent gains made against the commodity pairs but I can not see this lasting if the GBPUSD were to collapse lower. This major pair usually leads the minors and exotics.

For more trading details, please check the hyperlinks with time stamp indicated from the video:

0:35 GBP/USD

1:16 US DOLLAR INDEX

2:29 EUR/GBP

3:05 GBP/NZD

Tags: EURGBPFUNDAMENTALSGBPNZDGBPUSDTechnical Analysis
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