Marenno

GBP GOV CARNEY IS ABOUT TO SPEAK - COMMENTS

FX:GBPUSD   British Pound / U.S. Dollar
Well most of the participants are expecting a Pound to go down, but we already had a surprise effect with interest rate decision, so what to expect now?

1 Economy - nothing has changed yet, even though G is leaving, it will take time
2 Friday - due to some explanations on Behavioural finance studies, the market is most likely to be illogical during
the Friday, so any move that might happen on Friday can be considered as a false one
3 Technical Analysis - in a short term perspective the price can actually have a volatile day
4 in case of a late signal there is a possibility for a stationary market later, so the moves can happen during the Monday's Asian session.

So choosing not to trade today at all might be a good idea my fellow traders!

Have a great day!!! And don't destroy your 2 days weekend with a 1 day - Friday!!!
Hi Sir, what if the 1.3208 level breaks, will the price go down directly 1.30? Thanks
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greet ..
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Marenno LongBreak
:)
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