GBPUSD: Long term, LONG
Fundamental:
GBP: Tightening currency, while Brexit negotiation is not going as good and fast as expected UK economy shows some strength
USD: Fed tightening and Mid Dec rate hike will be in play. However, there is a lot of volatility in US market too
Technical:
This pair bounced of Technical Key Support and still respect long-term (1-year) uptrend
Entry is a little late today as price bounced up significantly yesterday
Watch out for NFP, managed trade size and give room for the NFP to breathe.
GBP: Tightening currency, while Brexit negotiation is not going as good and fast as expected UK economy shows some strength
USD: Fed tightening and Mid Dec rate hike will be in play. However, there is a lot of volatility in US market too
Technical:
This pair bounced of Technical Key Support and still respect long-term (1-year) uptrend
Entry is a little late today as price bounced up significantly yesterday
Watch out for NFP, managed trade size and give room for the NFP to breathe.
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