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KarYong
Nov 11, 2015 6:05 AM

GBPUSD: An alignment of both Fundamental and Technical aspects Short

British Pound/U.S. DollarFXCM

Description

Last week BOE meeting was dovish which sent the GBP lower. This was coupled with a very positive NFP results. Looking at this pair, we do see an alignment of both technical and fundamental aspects.

Hence we will be keeping a close watch at the 1.5255 region for any shorting opportunity.

Check out the mid week analysis video here: youtube.com/watch?v=i87X0CSBCKc

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Comments
creedog
thx for your analysis. I agree, looking for a ceiling at 50% retrace with previous structure. Should go south from there for a while.
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