I have been posting a "Reverse Head and Shoulders" Idea on this pair that I will link in the Related Ideas!
Price moved lower than that support area around 1.3100 ... Now we are above all of that mess! Im think price will continue to move up this week at least till the 50 percent retracement area of that last push down.... or at the most... the .618 area!!!!
News Monday here in the states could push gbp/usd down as Pending Home Sales News is expected to be better for the USD as long as im reading the news right!
The Forecast is 0.4% and the previous was -1.7% .....
So if you are buying GBP/USD , you have to watch out for this news!
If im reading into this wrong and you believe that the USD Housing Sells will make the dollar weak ... please comment below!
Price moved lower than that support area around 1.3100 ... Now we are above all of that mess! Im think price will continue to move up this week at least till the 50 percent retracement area of that last push down.... or at the most... the .618 area!!!!
News Monday here in the states could push gbp/usd down as Pending Home Sales News is expected to be better for the USD as long as im reading the news right!
The Forecast is 0.4% and the previous was -1.7% .....
So if you are buying GBP/USD , you have to watch out for this news!
If im reading into this wrong and you believe that the USD Housing Sells will make the dollar weak ... please comment below!
