Home Analysis British pound appreciated further on energy markets financing scheme

British pound appreciated further on energy markets financing scheme

37
0
Price hesitation sets in for riskier assets like Ethereum - tricks4trade.com

The British pound is trading more than 1% higher against the US dollar on Monday morning in Asia. Market participants welcome the energy markets financing scheme published by the Bank of England. According to analysts, this financing scheme will provide the much-needed catalyst to the terrible situation in the UK. The current energy crisis in the UK has invalidated the ongoing approach of importing cheap energy rather than investing in the infrastructure to create that energy in the homeland. The British pound has received some support as bulls are trying to establish a foot near the 1.3100 level.

Important Pivots

NameS3S2S1Pivot PointsR1R2R3
Classic1.12451.12561.12711.12821.12981.13081.1324
Fibonacci1.12561.12661.12721.12821.12921.12981.1308
Camarilla1.12811.12831.12861.12821.12901.12931.1295
Woodie’s1.12491.12581.12751.12841.13021.13101.1328
DeMark’s1.12771.12851.1304

Ref link


Disclaimer

Forex trading can be extremely risky and should only be done in the presence of an expert. We do not recommend any currency pairs or options to buy or sell to our readers. Forecasts or articles available on this website do not constitute investment advice and are only for general information. Kindly consult with a professional financial advisor before using the information on this website for trading or investing.

Previous articleIs forex trading good for beginners?
Next articleUSD/CAD Is slightly bullish ahead of major economic events

LEAVE A REPLY

Please enter your comment!
Please enter your name here