I think this is a buy at the moment in this retracement period before another sell off begins.
DISCLAIMER
Please note that this chart is an opinion based chart only. Please trade at your own risk
FED and BoE interest rate decisions and monetary policy statements will be on focus.
Brexit part of the game is also open to lots of surprises. A Brexit extension, its length, and other Brexit events usually overshadow important UK events.
A second referendum option and/or long extension is set to send the pound considerably higher. In this case, we will see a...
March 12th: Parliament votes for May – EU revised plan.
Expectation: NO
If Parliament approves the plan;
1. Sharp Rally of GBP pairs.
2. March 21th – March 22nd: EU votes fort he agreements
3. Trade Talks between UK-EU begins.
4. Sterling may slow down because of the uncertainty.
If the UK Parliament rejects the agreement;
March 13th: Parliament votes for No Deal...
Heavy data flow week ahead: UK PMIs and US NFP will be closely watched
Important macro data is scheduled to release for the US in the upcoming week that will include the all-important February labor market report. ( NFP & Unemployment )
In the UK, the set of construction and services PMIs are scheduled for the next week together with the Bank of England...
Bullish Alt Bat worked as predicted. - see attached -
Shortterm trend line has been broken.
UK and US inflation data will be released today.
A better than expected UK data set could send the pair towards 1.3000. US CPI figures will determine the next direction of the pair.
Trading without technicals is like driving a car without the brake.
Trading without...
UK GDP, MP & IP data would be released.
The direction of the breakout would be determined by the UK data.
Wait for the UK Data and Breakout of the triangle.
Have a nice week!
Trading without technicals is like driving a car without the brake.
Trading without fundamentals is like driving a car in the dark with no headlights.
Trading with emotions and without a...
Fundamentals:
UK Week Ahead: Following FED’s Rate Hike Decision and FOMC Statement on Wednesday, BoE’s Rate Hike decision will be announced on Thursday. In the UK, the focus remains on Brexit and market players don’t expect major changes to the policy signals from the Bank of England.
Major Macroeconomic Calendar of Sterling:
Wednesday – Inflation...
I see GBP/USD dropping before making a bullish run, i do expect GBP/USD to drop to my bottom Trendline/Support then make its way up from the trend line
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