GBPUSD Long Bias after FED priced in

6 Mar 2017

As we can seen in the Dollar Index, and usd pairs like USDCAD, the imminent fed rate hikes have been priced in. This means, traders have taken out profits on Friday the 3rd, and we will have a bear week for the dollar. This means, a further move to the upside is expected on the Pound.

Everyone trade safe. I'll be taking a 0.5% risk on this, to possibly make a 2.5/3%.

Have a great week all.