Home Forex Markets GBP GBP Prediction: The dollar has soared to a 20-year high, GBPUSD GBP/USD may fall below the 1.18 mark

GBP GBP Prediction: The dollar has soared to a 20-year high, GBPUSD GBP/USD may fall below the 1.18 mark

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GBP GBP Prediction: The dollar has soared to a 20-year high, GBPUSD GBP/USD may fall below the 1.18 mark


GBP/USD, GBP/USD – price, charts and analysis

• The dollar hit a 20-year high.

• GBP/USD is volatile and poised to move lower.

• Retail traders are massively long GBP/USD.

After a quiet start to the European trading session, the U.S. dollar suddenly and inexplicably rallied, pushing a range of U.S. dollar pairs to levels that have been multi-month and multi-year.US dollar index(DXY)hit a record20Year-to-date highs, while EUR/USD hits20year low, only slightly above103.00. The strength of the U.S. dollar and the weakness of the euro have combined to push the U.S. dollar index higher.

US dollar index (DXY) monthly chart–2022year7moon5day

The latest financial stability report from the Bank of England is discouraging, the central bank warns that global financial conditions have deteriorated and the UK economic outlookvery uncertain.The central bank stressed that higher prices, slower economic growth and tighter financing conditions will mean households and businessesWill get even tighter in the coming months.

British Pound is currently1.2030Change hands nearby and stare1.2000the following transactions. Sterling itself is not particularly weak despite ongoing political problems in the UK, but the dollar is unfettered today and is breaking records against a range of other currencies for months and years.look at the pound/USD, the next two support levels are at1.1976and1.1934.If these are effectively broken, then there will probably be a retest2016year10month low1.1800.

⚡⚡ When is the best time to trade GBP/USD? GBP/USD fundamental analysis to see what? What technical patterns and indicators should I watch out for when trading GBP/USD? How should traders control their psychology? All these questions are answered in the manual below, learn now for free! 👏👏

GBP/USD daily chart – 2022year7moon5day

GBP GBP Prediction: The dollar has soared to a 20-year high, GBPUSD GBP/USD may fall below the 1.18 mark

GBP GBP Prediction: The dollar has soared to a 20-year high, GBPUSD GBP/USD may fall below the 1.18 mark

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