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JohnKicklighter
Jul 7, 2015 2:23 AM

GBPUSD Pattern Facing Activity but Not Severe Uncertainty 

British Pound/U.S. DollarFXCM

Description

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.
Comments
Nightwish
your resistance TL looks wrong. picked from the downtrend; that way, you could chose any high as starting point.
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