GBP Data out today and tomorrow 16/5/17-17/5/17

Okay so here we have some sellers coming in and relief for the GBP rally of late .
If we get good number out today and tomorrow, you can expect this to enjoy some upward movement again towards the strong offer area of 1.77-1.78 then back down we go to the 1.73 area again, or the 0.618 fib line .
Right now in my opinion this is ranging between the fib lines 0.786 proving too strong to get its head above, and the 0.618 is proving good support for now ..

So around now is a good entry long 1.7390-1.74

TP1 - 1.7550
TP2 - 1.7700

Stop @ 1.73

Happy trading people

Please also see GBP/ USD trade post today ................

Komen:

Okay guys we got in @ 1.7390 when the blog was posted previously , and stood strong even with the bad brexit talks again , which saw the spike yesterday up , then go down to touch 1.7350, this will be a factor , I believe the rally will be short lived , so we will be taking half off now @ 1.75
Leaving some on to see this unfold .

Hope some else got in ......
We are also in the GBP/NZD and enjoying 120+ pips on this too what we are hoping for on that pair is the break out eventually , so stay tuned .....

Dagangan ditutup: hentian tercapai:

Okay so we took half off @ 1.75 going to leave some on the table for the Aussie employment/unemployment figs in the ASIA session .

Stop set @ 1.74

Tp @ 1.7550

Happy trading

Dagangan ditutup: hentian tercapai:

Okay so Aussie Employment figs good, stopped out for a profit

lets go pip hunting .......