
Since the fateful events of March 10th, 2023, I mean the SVB and Signature Bank crash, there has been a lot of attention on the US economy and the Dollar from the international community.
2019-11-11 • Updated
Recommendation:
SELL 1.3340
SL 1.3395
TP1 1.3255 TP2 1.324 TP3 1.3225
On the daily chart of GBP/USD, the “Double top” is transforming into 5-0. The inability of bulls to get above resistance at 23.6% of the wave CD and return to the 1.3455-1.3615 consolidation range points at their weakness. To develop correction to the long-term uptrend, bears need to renew May low.
On H1 of GBP/USD, a decline below support at 1.3340 will increase the risks of a “Shark” pattern with a target of 88.6% near 1.3225.
Since the fateful events of March 10th, 2023, I mean the SVB and Signature Bank crash, there has been a lot of attention on the US economy and the Dollar from the international community.
On Friday, March 10, the 16th largest US bank suddenly burst. The bankruptcy became the second largest in history among American commercial banks. In this article, we look at what happened and how it could affect all of us.
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