Trade only If USD - Data positive today !!!!!!!!!!

FX:GBPUSD   Pound British/Dolar U.S.
Dilihat 67 kali
67 3
Okay so we see the GBP enjoying a nice journey upwards , However I will keep this short :)

BOE had some dovish comments which has caused the GBP to retreat a bit, if we see the USD print good data later today CPI and retail @ 13.30, this will add downward pressure on cable ,

Keep an eye on this

Entry 1.29- MKT price now which is 1.2885

1.28- 1.2770 will be the levels to watch ticking lower

Happy Friday people ..........

Please also refer to our blog , Trade only if USD data today disappoints!!!!!!!!!!!!!!
Komen: T - 4 mins stay alert guys for the entry
What's your take on the bullish movement here today? Still going to continue up?
@JennEWhitney, for now yes, but slowly , and it's seems 1.2970-1.30 has strong offers , if you are to trade this be cautious as it's a busy week for the GBP.
I will only be trading to short side on this , and that will only be if the data disappoints this week for the GBP , as this will alert the sellers that have enjoyed a nice rally up until now which appears to be losing steam ....

Hope this helps .....
JennEWhitney Cabot101Management
@Cabot101Management, exponentially, as always.
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