GBPUSD looking interesting as the US has a number of important news items coming out this week. Pay attention to the rates in comparison to what the previous rate was, as well as the results of some of these important meetings. Pay attention specifically to news like Retail Sales m/m, Core Retail Sales m/m, FOMC Statement and Conference, Unemployement Claims.
As I see it, price will probably push up, but the above structure will be important in determining what the direction will be for the rest of the week. Lets see how this plays out, but just so you know, I'm long term short on this pair.
As I see it, price will probably push up, but the above structure will be important in determining what the direction will be for the rest of the week. Lets see how this plays out, but just so you know, I'm long term short on this pair.
Comment:
LOL i said long-term short. That's funny. I'm short on this pair just to clarify