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Hello traders and good to back with you. Just a note we have a lot of data through out the trading day and the U.S session we have some high impact data. Please keep an eye on that through out the trading day. Remember we have NFP this Friday and that will be a critical release as the FED watches closely. OK today we are looking at the GBP as we have had statements fro PM May and the markets do not like what she has to say and we have seen this week the big sel off. So I am looking to to continue the trend and take this dowm. Now the issue is where do we get in on this trade I am looking for an aggressive pull back to the resistance price level of 1.2871 that is also the 200 EMA. I am looking to take profit at the support price of 1.2730 to take profit.

Thank you traders and we will talk soon……William

FX Instructor Forex Blog – For Traders, By Traders

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