DAY 17: GBPUSD and DXY update.
Today we had PMI services data and unemployment change figures which were mixed for the dollar.This week we have faced a declining dollar up from weekly highs on Monday @ 110.00.
So before NFP data on Friday I expect GBPUSD price to go to record new highs close to 1.26 before we get further momentum.
Waiting on Friday's data to get monthly bias on USD based pairs. During this period, what's important is securing your capital so as not to miss important moves in the market and Risk Management in case of slippage because we are trading in very volatile times.
All the luck traders.
So before NFP data on Friday I expect GBPUSD price to go to record new highs close to 1.26 before we get further momentum.
Waiting on Friday's data to get monthly bias on USD based pairs. During this period, what's important is securing your capital so as not to miss important moves in the market and Risk Management in case of slippage because we are trading in very volatile times.
All the luck traders.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.