GBPUSD Market Outlook | Daily Forex Market Breakdown
GBPUSD
We have to wait patiently to see how price reacts at these current levels. No true bearish signs from GU yet. Making consecutive higher lows/highs. GU does seem to be slowing down a bit, that being said we have HIGH IMPACT NEWS today, there is no reason to jump into a trade right now. We need to wait patiently and wait for all the dust to settle presenting us with all the highest quality set ups.
Keep in mind today is a huge day for fundamentals. We have slight CHF news. The biggest thing on our radar is the parliamentary elections influencing GBP today so we should see a lot of movement with GBP pairs. We also have big EUR news. So please be cautious!
We have to wait patiently to see how price reacts at these current levels. No true bearish signs from GU yet. Making consecutive higher lows/highs. GU does seem to be slowing down a bit, that being said we have HIGH IMPACT NEWS today, there is no reason to jump into a trade right now. We need to wait patiently and wait for all the dust to settle presenting us with all the highest quality set ups.
Keep in mind today is a huge day for fundamentals. We have slight CHF news. The biggest thing on our radar is the parliamentary elections influencing GBP today so we should see a lot of movement with GBP pairs. We also have big EUR news. So please be cautious!
