Daily Market Analysis 5 May 2022
- Market News
- Daily Market News
- 2022, 05 May
GBP/USD rising gradually since tested two-year lows near 1.2400.
However the upside remains pressured around 1.2650. We expect a
sudden bounce back as the trailing trend.
A stronger USD undermines the demand for Cable
|MACD (Below Midline)||SELL|
|200 EMA (1.3290)||SELL|
GBP: BoE Rate Decision, MPC