GBPUSD Analysis 3/21/021
- This week I am expecting some volatility in the market due to the fundamentals. On March 22&23 there is US news, where Fed Chair Powell will speak. This news heavily affects interest rates which can possibly make the USD stronger. There is similar news regarding the British pound on the 25th.
The higher a country's interest rate, the stronger their currency.
A stronger USD will cause a bearish move
A stronger GBP may cause a bullish move
I am expecting price to try and make one last push to the upside, to gain some momentum for a strong bearish push to the downside.
I am looking to enter a sell around the area of 1.39102
