JohnKicklighter

GBPUSD Pattern Facing Activity but Not Severe Uncertainty

FX:GBPUSD   British Pound/U.S. Dollar
226 1 6
It is difficult to get out of the way of heavy fundamental event risk ahead. We have risk trends churned by Chinese equities while Greece still hangs over our heads. That makes trading Yen crosses and Euro             particularly rough. Meanwhile, GBPUSD             has event risk for the US and UK ahead, but not the type that sucks all the air out of the market.
your resistance TL looks wrong. picked from the downtrend; that way, you could chose any high as starting point.
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