Sforex

Outlook for GBPUSD next week.

FX:GBPUSD   British Pound/U.S. Dollar
275 0 0
The direction of G/U next week depends on the move of E/U.

If EZ economic data is positive: G/U rapidly comes back 1.658

If EZ economic data is negative: G/U falls down to 1.63 support level I show on the chart.

I ignore BoE Meeting next week because I don't see any change in monetary policy of BoC             . They will unchange the policy until they see they need to act.

Technical Analysis:

I show on the chart: G/U respects Andrew's Pitchfork pattern greatly, so you can SELL when G/U breaks the Pitchfork pattern.

I keep NEUTRAL view about G/U: I wait and observe.
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