Clearly Focus on High Impact News For GBPUSD This Week

Aug 12

GBPUSD ANALYSIS
As we see based on the chart, The price for GBPUSD currently on the slow mode after 3 weeks downtrend movement

This will be a compression which could happen for early week. I would like to waiting the reason with my SOP on the Continuation Sell Zone which the price already inside my zone. As monday for me is a day where the market want to create a direction for the whole week.

There are several Confirmation i will looking for which is firstly,:
- Im looking for a Big timeframe SNR & SND to get the best big
movement/Reaction for swing trade
- Blue zone which is weekly support was the zone of the big movement
starting point to breakout the higher price before.
- Thus, i can see this was one of the structure known as Breakout Entry
on Weekly/Dailt Timeframe
- Other than that, I also look for the MDA (Miss, Dip, Accurate) confirmation.
- It show where the price starting point going up with big movement and waiting price to
comeback to the zone.
- This is one of the technique where teach us about the psychology of the market and market
behaviour to our SNR/SND

News Target

1. Claimant Count Change (GBP)
   
2. PPI US
   
3. CPI UK
   
4. CPI US
   
5. UK GDP