This is my take on the GBPUSD. We saw GBPUSD getting close to a 15-month high last week. After the rally to reach 1.31420, and a series of bad news for the pair especially the decreases in UK's inflation, the GBPUSD started to slow down. Still, after touching the Supply zone that was responsible for last week's uptrend, we can see a small loss in momentum. All eyes are now focused on next week's flash manufacturing PMI and flash services PMI of both GBP and USD to see how this pair will react to the supply zone. Until that, I believe it will be consolidating.
what do you guys think ?
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what do you guys think ?
By the way, I already published an idea but i still don't know how to get the reputation points. Can you help me to get there so I can chat on the Forex Group?
I will be forever grateful.
Thanks for your attention.