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zcsniper
Jun 26, 2014 9:11 PM

GBPUSD GDP 27th @ 830GMT Long

British Pound/U.S. DollarFXCM

Description

1D Chart: My first prediction of GDP news is that it will hit down to 1.669 and back up to 1.680. If we do see the market hit 1.680 we could definitely expect a bounce down in the market. It should not go lower than 1.5306 - 1.5261. After this move down it should go up to 1.5377 - 1.5404 area - near this time though we will be nearing mid-next week.
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