colinsheen
Long

GBP is setting itself up for a big big rally

FX:GBPUSD   BRITISH POUND / U.S. DOLLAR
156 0 4
If you are a medium term trader, this could be the best trade of 2015.

As per my previous ideas, GBPUSD             ending diagonal looks like finished, and is ready for a big rally.

the worse than expected job data today failed to push GBP down, which only provided another dip buying opportunity.

IMO             , today's job data is in fact a very good one:
- prior month 4.6k revised to 0.5k: change in unemployed people, so smaller figure is better. Negative means less people were unemployed.
- employment change 177k vs 120k expected.
- average weekly earnings rise by 3.0%, faster than the USA.

GBP showed strength to all other currencies since last friday's NFP and I bet this trend will continue in the near term.
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