GBPUSD 60 Minute Chart Analysis.

Screen Shot 2015-07-08 at 08.21.44

Hello traders good to be back with you on a hump day middle of our trading week and to another trading day as Greece is still taking over the market with a twist at China market falling, However we have data today. Traders the trades yesterday most of them continue to be bearish and we will continue to work with that some great charts today.
, We have data as FOMC minutes late in NY session This pair remains bearish today so I have placed the Fibonacci tool on the chart. As we know the GBP does not like to give us pullbacks however NY did give us the big pullback to the sweet spot we need a 61.8 at price level 1.5501 and look for a bearish candle for the sell entry. I am looking for a take profit at 1.5428. This is a small trade today looking for about 50 pips if we can get that, we have data today so please watch your economic calendar today closely…. Traders have a profitable day and we will talk soon…… William

Tags:, , ,