ChadBilon

Neutral on GBPUSD with a Bullish Bias_(analysis paralysis)

FX:GBPUSD   British Pound/U.S. Dollar
25 0 5
There is so many different analysis one can apply tp the GBPUSD             . It just a matter of which one to stick with. Even though they have most things in common (like a potential breakout to the upside) it is key to note the effect they might have on your judgment.

I have decided to stick with my good old RSI divergence. Today is not the time to look at trading the GBPUSD             I my opinion however if it your cup of tea and you see you setup who am i to say don't.

The events that might remove such uncertainty are important to note:
Wednesday
03:30 GBP GDP (QoQ) (Q1) 0.4% 0.6%
03:30 GBP GDP (YoY) (Q1) 2.0% 2.1%
13:00 USD FOMC Statement
13:00 USD Fed Interest Rate Decision 0.50% 0.50%

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