British Pound / U.S. Dollar

#ForexTrading $GBPUSD Week 10/23/16

Updated

GBPUSD forming Pennant heading into its GDP release. Let's see if the downtrend would continue or not.

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Note

GBP is due in less than 12 hours.
Will the tight range action break?

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Note

GBP released a better than expected GDP today; however, it failed to save the day since we are still expecting the future of Brexit.

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USD GDP is due in less than 24 hours. GBPUSD possibly is looking at another leg down towards the 1.2000 if the Dollar bull continues.

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