alex.a
Long

05.2015 GBP Fundamentals

FX:GBPUSD   BRITISH POUND / U.S. DOLLAR
186 11 5
05.2015 GBP Fundamentals

=== Extremely Bullish ~
1) After Election
2) MPC             Meeting Minutes' April             Decision Execution

*****
Somehow TradingView failed to align when it was aligned before publishment.
Here comes the image shot that is comfortably aligned with dates and data.

snapshot


====================================================================================================================================================================================

Wow, too fast, it is the end of May. At the end of May, I look back how closely it has been
what the analysts predicted, fundamentally.

:::::: CORRECT :::::::
** extremely bullish has been correct

::::: INCORRECT :::::::
** only 200 pips retracement for couples of times instead of gradual downturn


====================================================================================================================================================================================

::::: What I learned :::::
( I traded with GBPJPY             , not GBPUSD             .)
  • given fundamental prediction aren't phony.
  • buyers and sellers won't react that day of announcement. When they think postive or negative, they would have started buying or selling since about 3 days.
Now, ready to go down... burst the bubbles of election money injection - employment would be also not bad, though ~
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retail sales came out better than expected. Perhaps, election money??? continue upward ~ passing previous H on weekly
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alex.a alex.a
I was talking about GBPJPY particular pairs ~
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05.18.2015 Monday ===> so far not bad - now one more (MPC meeting) and then ready for the downturn -- How far it will go down? I don't know the scale but the direction,
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so far not bad following the arrow trend, despite scales aren't the same.
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alex.a alex.a
aligned
Reply
alex.a alex.a
Interesting phenomenon ~ When the non-financial event like election occurs, GBP is not gradually stronger over the time.
Rather even on that day in the morning, it is battered to the hardest and then sellers changes their own hands to become buyers, after removing all the retailers buy position, moves up about 200 pips,for GBPJPY case, 100 pips for GBPUSD.
Reply
alex.a alex.a
Last time --- Scottish Referendum

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+1 Reply
alex.a alex.a
The next day gap up another 200 pips ~~
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