Risk to GBP is going to be elections . So far we see headlines move the pair erratically.
Hawkish comments by carney. Low inflation is sparking consumer spending which what I like to see to support a rate hike. BoE deputy governor Ben Broadbent says in an interview that bad deflation isn't a threat to Britain Good deflation helping boost demand and output
If this pair is going to move up we need to break the downward trend pressure.
I got stopped out of my gbpcad long near the daily close.
I'm still short gbpaud, hopefully that one pays off before it rebounds.
We might see a bull run soon, in gbp pairs, but I think first we'll see blood in the streets.
workingtraders
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Same with me. Took profit all on those pairs. (100-200 pips) . Looking for more concrete break before hitting them long again.
IvanLabrie
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I couldn't get the long right this time, not a big deal, just 1% loss, but well.
I have usdjpy and gbpaud shorts running now.
Time to relax, I've gone over all pairs charts today, and everyday after the NY close.
USDJPY short is a very promising trade in my opinion. If you care to take a look, it would be cool.
I'm still short gbpaud, hopefully that one pays off before it rebounds.
We might see a bull run soon, in gbp pairs, but I think first we'll see blood in the streets.