GBPUSD, NFP & BoE Rate Cut - 6th Aug 2016
Updated
Happy weekend traders!
Sterling slump after BOE easing monetary measures which sent the market down more than 200 pips followed by some positive job numbers yesterday with NFP adding fuel to the fire.
Technical see resistance level at 1.3050-60 zone where as long as market holding below this zone more drop will be expected toward 1.2900 levels
Above 1.3210 market may obtain bigger rebound correction where resistance at 1.3280 and 1.3370
See related
DXY idea.
GL
tradingsignalreviews.com
Sterling slump after BOE easing monetary measures which sent the market down more than 200 pips followed by some positive job numbers yesterday with NFP adding fuel to the fire.
Technical see resistance level at 1.3050-60 zone where as long as market holding below this zone more drop will be expected toward 1.2900 levels
Above 1.3210 market may obtain bigger rebound correction where resistance at 1.3280 and 1.3370
See related
DXY idea.GL
tradingsignalreviews.com
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