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theory_of_constraints
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Independent FX Trader.
  • GBPUSD Trade Idea (October 11, 2013) 0 comments
    Oct 13, 2013 8:49 AM

    I believe that we are still in retracement mode by expecting further downward pressure for GBPUSD and any other pair against US Dollar. Some consideration for downward pressure in next week are :

    1. GBP CPI y/y

    2. GBP PPI Input m/m

    3. GBP Retail Sales m/m

    Therefore, I still believe that GBPUSD still has bearish continuation that reflected with open position I already traded. Currently shorting GBPUSD at 1.59681 SL 1.60600 TP 1.57310.

    Disclaimer :

    This report is proprietary information of author that is intended to readers as information purpose only. The analyses and opinions expressed represent subjective views of the analyst, as of date indicated, may no longer be current , and may change as a result of price behavior development in market. It is prohibited to distribute, reproduce, or publish in whole or part without prior consent of author.

    Author does not accept liabilities or losses that come from damage in FX and Commodities trading

    Themes: GBP/USD, Trade, Idea
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