Federal Open Market Committee (FOMC) decided to leave rates unchanged yesterday, and that led to USD to weaken.
GBP is about to release important information today, and should it be positive, GBP will strengthen and therefor I remain bullish to Pound.
GBP Economic Calendar 02/02/2017
1. Construction PMI
2. BOE Inflation Report
3. MPC Official Bank Rate Votes
4. Monetary Policy Summary
5. Official Bank Rate

The Market is currently ranging as 21 55 EMA are flat. The price opened above MPP, confluence to WPP to the upside with a target eyed to MR1. The price has been bouncing between 1.1987 and 1.2784 which are support and resistance level respectively. Stochastic is currently overbought.

The market is currently ranging between 1.2434 and 1.2673 price area. The 21 EMA just crossed above 55 EMA. The price opened above DPP, confluence to WR1. Stochastic is currently overbought.

The market is currently ranging and showing the bullish signs as the angle of separation between 21 55 EMA is evident. The 21 crossed above 55 EMA. The price opened above DPP confluence to WM3 to the upside with a target of DR2 to DR3. Stochastic is currently overbought. I am waiting to see breakout and retest to the upside so that I can trigger a long trade.

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