JohnKicklighter

A Strong GBPUSD Push but No Break...Yet

FX_IDC:GBPUSD   BRITISH POUND / U.S. DOLLAR
197 1 6
GBPUSD             surged after the UK statistics group reported a stronger-than-expected jump in core inflation . However, the critical follow through necessary to transition a short-term rally into a serious break - much less trend development - wasn't there. We've pushed the Cable's range, but resistance still in place. Now, what will happen with US CPI             and FOMC minutes coming up?
I'm conservatively bullish, long with a tight stop and small risk size, and long gbpaud via a pair trade.
I think it's possible to see some continuation into the 1.58+ range.
Reply
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
日本
한국
简体
繁體
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