GBP / USD started testing 200-hour SMA resistance, as it finally broke the resistance at 1.4000 mark. However, it was then that the Head of the US Federal Reserve Jerome Powell began his speech. In his speech he revealed that the US monetary stimulus will not change. This resulted in a surge in the US Dollar against all assets. At midnight trading Friday, the currency exchange rate has crossed the support zone at the level of 1.3850. The rates are expected to reach support soon from the simple weekly pivot point S1 at 1.3804. Besides, 1.3800 can provide psychological support
because according to the experience I have experienced, if you don't apply money management properly and correctly the consequences will be fatal. Sometimes I also treat myself or also motivate myself if I can't analyze properly, it is mandatory to be able to control finances properly and correctly, that's the experience and feeling of a long time that I have experienced and this I made my professor.
There is actually a feeling of fear of a margincall for the next week because I think the bonus on Friday will drop so that it can increase my capital resilience. Because the bonus hasn't been dropped, I have to be extra careful when making transactions, bro.
Regarding the movement of the gbpusd market, there is still a chance that there will be a decline, bro, but I am more confident that soon the gbpusd market will have a high upward correction and then fall again.
Time just feels faster, bro, you can't feel it now it's Sunday and this heart can't wait to enter Monday and make trades so you can get a lot of profit.
The USD index surged to a 3-month high on Friday after US employment data showed job growth accelerated above expectations in February. Falling new Covid-19 cases and increasing vaccination rates are boosting sentiment, with better-than-expected US jobs data adding to the brighter outlook.
The USD index held firm in the green for the third day in a row and is also on track for a second consecutive bullish weekly close, with this week's gains being the strongest since the last week of November.
The recovery rally from 89.11 is currently rising in the third wave, which broke the 100% expansion needed to verify the principle of the wave and paved the way for an extension towards the target at 93.0.