GBPUSD The Bias Of The Day
GBPUSD bias.
It would be risky going long right away when the price reaches 1.48200.
But if the price slows down stops makes a kind of a reversal pattern then the bias would turn additionally probable.
ATTENTION
The FED has declared that they will hike or not hike interest rates according to further economic data therefore tomorrows (and beyond) economic data, especially us data, will have a sizable effect on the price, it will very likely catalyze spikes. If at the time when the price is at 1.4820 there is economic data close, then entering this position would add risk and st orders or perhaps tp orders could be very quickly reached.
It would be risky going long right away when the price reaches 1.48200.
But if the price slows down stops makes a kind of a reversal pattern then the bias would turn additionally probable.
ATTENTION
The FED has declared that they will hike or not hike interest rates according to further economic data therefore tomorrows (and beyond) economic data, especially us data, will have a sizable effect on the price, it will very likely catalyze spikes. If at the time when the price is at 1.4820 there is economic data close, then entering this position would add risk and st orders or perhaps tp orders could be very quickly reached.
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