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Sep 10, 2017 10:17 AM

Continued GBP strength Long

British Pound/U.S. DollarFXCM

Description

With good data coming out of the UK and further room for GBP strength, any pullbacks could open a buy GBP position. With a BoE meeting on Thursday with an Interest Rate decision, all eyes will be on this weeks CPI and Labour data for signs of a slow down.

Comment

EURGBP TP1 at 23.6% fib TP2 at .9051 support
GBPUSD TP1 at 1.3275 resistance where we could see a small pullback and then on to TP2 at 1.3444
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