the dxy is gaining strength and the pound is losing strength. I think the downtrend is going to continue to a level of 1.34900 with a retracement from there and after that a trend continuation
As my idea of yesterday today is again a oppurtunity to go long on gbp/usd. It made a new low from 1.37100 to 1.36350. That was the small retracement i was talking about i expect it to hit the target of 1.37200 today.
The gbp/usd is struggeling to make a new low because of the strength of the pound. I think it will go to 1.37200 today with a little retracement from there. Let me know what you think !
