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.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out