#ForexTrading $GBPUSD Week 10/23/16
British Pound/U.S. DollarFXCM
Description
⋅ GBPUSD forming Pennant heading into its GDP release. Let's see if the downtrend would continue or not.
Comment
⋅ GBP is due in less than 12 hours.
Will the tight range action break?
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.