GBP continued to fall two conditions required: 1.U. S. economic data must be strong next Monday, the probability is greater than 60%, because the employment data on Friday exceeded expectations 2.Next week, the Bank of England rate decision must clearly release a loose signal
My point of view is The pound will continue to fall next Monday and Tuesday. Wednesday, Thursday a sharp shock, waiting for the interest rate decision Friday because Thursday's resolution is uncertain. The specific operation points will be given on Monday.
No reason to continue to short GBP if you look at my analyze on EUR/GBP.
But good luck.
Daniel_Wu
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i don't trade E/U
prince125700
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SL and tp?
UnknownUnicorn251843
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Carney BOE always does something to weaken the Pound! But maybe, like Japan and it's BOJ negative rates saga, the age of the central banker is coming to an end.
Daniel_Wu
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Full of uncertainty
DrLotto
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No, I don't agree. Compare with NFP data. GBP was defended very well against the shorters.
But good luck.