last week, the start the of this week i was bullish on gbpusd, but my bias on this pair had changed as we failed to break and close above my 1.32191 resistance level, price has bounced of my resistance level creating a nice double top before heading to the downside, on Wednesday we did see gbpusd head back up to the upside but this was due to the FOMC news being released which affected the US dollar negativity which gained strength for the XXX/USD pairs.
I'm currently in a short position on this pair as I was anticipating a move to the downside as i saw a nice bearish pinbar being created. oh the 4hr/1hr timeframes. Will be moving up my Stop loss on this trade as we have NFP later today
#JugFX
I'm currently in a short position on this pair as I was anticipating a move to the downside as i saw a nice bearish pinbar being created. oh the 4hr/1hr timeframes. Will be moving up my Stop loss on this trade as we have NFP later today
#JugFX
Trade closed manually:
personally closed this trade a few minutes before NFP just to be safe, will await another short opportunity sometime next week
Comment:
gbpusd - heading to the downside
Trade active:
we have the BoE inflaton report happening, which is causing gbpusd to move to the downside, at 1230hrs GMT we also have the gov carney speech
#JugFX