GBPUSD Forecast And Trade Idea Nov 9th

Fundamentals:

The Pound was hit by headlines indicating that UK PM May has called back home her international development secretary Priti Patel, currently in Africa after the minister admitted to holding unauthorized meetings with Israeli officials behind her back. Chances are that May would fire him, just a week after the Defense Secretary Michael Fallon resigned on allegations of sexual harassment. The crisis in the UK cabinet, in the middle of tough Brexit negotiations, will probably keep undermining the Pound. The UK macroeconomic calendar will remain scarce ahead of Friday industrial and manufacturing production data.

Technicals:

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GBPUSD-H4-CHART-1

Source: http://www.fxters.com/gbpusd-forecast-trade-idea-nov-9th/

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