GBPUSD forming Pennant heading into its GDP release. Let's see if the downtrend would continue or not.
Comment:
GBP released a better than expected GDP today; however, it failed to save the day since we are still expecting the future of Brexit.
USD GDP is due in less than 24 hours. GBPUSD possibly is looking at another leg down towards the 1.2000 if the Dollar bull continues.
USD GDP is due in less than 24 hours. GBPUSD possibly is looking at another leg down towards the 1.2000 if the Dollar bull continues.
Will the tight range action break?