GBPUSD – Flat
GBPUSD trading plan:
The US Treasury announced plans to borrow $776bn over the fourth quarter of 2023. Of this amount, $276 billion has already been borrowed, leaving about $500 billion. In the first quarter of 2024, the plan is to borrow $816 billion from the market. Essentially, the Treasury wants to borrow $0.8 trillion per quarter. Meanwhile, the Federal Reserve, under Yellen’s leadership, intends to maintain a $750 billion cash balance at the end of each quarter, it will put some cash back into the system by the end of the year. This is a positive signal for the dollar.
Investment idea: sell 1.2190 and take profit 1.2077.
You may check other analytical reviews on FreshForex website. Source: freshforex.com.
