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Howdy Folks,
Another great webinar this afternoon! If you missed it the next one is Monday at 19:00 GMT as usual. GBP/USD is rather boring to talk about tonight. The market appears to be waiting on data from the manufacturing sector and Halifax’s HPI report tomorrow morning. The pair continues to range between $1.6100 and $1.5800 with $1.6000 smack in the middle. With no bargain day and little price action there isn’t much to do with this pair today. Range traders will likley continue playing both sides until we finally get some direction out of this pair. Nothing for me to do right now except let time pass and see what happens. Thinking out loud for a momement, it might be interesting to see a bargain day setup near the bottom of this range. Don’t forget the BoE releases their rate statement Thursday morning.
Best of luck,
Ryan
IMPORTANT NOTICE: These comments are for information purposes only. My opinions or other information contained in this post do not constitute investment advice. It should not be understood as a direct recommendation to buy or sell any currency contract or other investment vehicle. Forex trading involves substantial risk of loss and is not suitable for all investors.