Neutral on GBPUSD with a Bullish Bias_(analysis paralysis)
There is so many different analysis one can apply tp the GBPUSD. It just a matter of which one to stick with. Even though they have most things in common (like a potential breakout to the upside) it is key to note the effect they might have on your judgment.
I have decided to stick with my good old RSI divergence. Today is not the time to look at trading the GBPUSD I my opinion however if it your cup of tea and you see you setup who am i to say don't.
The events that might remove such uncertainty are important to note:
Wednesday
03:30 GBP GDP (QoQ) (Q1) 0.4% 0.6%
03:30 GBP GDP (YoY) (Q1) 2.0% 2.1%
13:00 USD FOMC Statement
13:00 USD Fed Interest Rate Decision 0.50% 0.50%
Other Analysis:
I have decided to stick with my good old RSI divergence. Today is not the time to look at trading the GBPUSD I my opinion however if it your cup of tea and you see you setup who am i to say don't.
The events that might remove such uncertainty are important to note:
Wednesday
03:30 GBP GDP (QoQ) (Q1) 0.4% 0.6%
03:30 GBP GDP (YoY) (Q1) 2.0% 2.1%
13:00 USD FOMC Statement
13:00 USD Fed Interest Rate Decision 0.50% 0.50%
Other Analysis: