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For the first time ever 100bps of rate cuts raised 10Y yields by 100bps – This isn’t good
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📊🤓 💷GBPUSD breaks below the trendline, approaching the 1.2520 support level. The price has also moved beneath the DEMA and TEMA lines, signaling bearish momentum. A further breach of the support zone could lead to a continued decline toward the identified Order Block.
📊🤓 💷GBPUSD breaks below the trendline, approaching the 1.2520 support level. The price has also moved beneath the DEMA and