Hello traders good to be back with you in the mid-week. We have some data releases today so please keep an eye on your economic calendar. As the summer holidays end we look for some increased volatility in the markets. Today we take a look at the GBPUSD post Brexit has been very interesting as the numbers over the last two months have been more positive than expected. We are still very bearish bias on this pair. We now have price at resistance from bad data from the U.S session. That is good for us as the pullback is now complete and all we need is a bearish candle and conformation and we can enter a sell trade. I am looking to enter this trade at the price of 1.3422 as the 10ema is above price have to like that. I am looking to take profit at the support level of the 200 ema at the price of 1.3296. This trade is a good 80 plus pips.
Thank you traders and we will talk soon….William