hello guys,
I see a neutral to long bias on gbp usd. Gbp has been extremely bullish post brexit. This in addition to the fact that we have had strong economic data that has been coming out of the uk support my bias . This trade will only be validated if i get a pull back to that zone then more strong fundamental data from the UK. FOMC is coming up this week and that could give the usd strength to blow below that support zone hence the reason as to why i will only be looking for bullish trades but only until Wednesday Wednesday after the fomc i will reevaluate the bias and see if i want to re enter a long or stay out of the pair.
I see a neutral to long bias on gbp usd. Gbp has been extremely bullish post brexit. This in addition to the fact that we have had strong economic data that has been coming out of the uk support my bias . This trade will only be validated if i get a pull back to that zone then more strong fundamental data from the UK. FOMC is coming up this week and that could give the usd strength to blow below that support zone hence the reason as to why i will only be looking for bullish trades but only until Wednesday Wednesday after the fomc i will reevaluate the bias and see if i want to re enter a long or stay out of the pair.