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TarbzFX

GBPUSD Long Position (4Hr Timeframe)

Long
British Pound / U.S. Dollar (FX:GBPUSD)  
TarbzFX  
FX:GBPUSD   British Pound / U.S. Dollar
Beyond Technical Analysis Trend Analysis Chart Patterns GBPUSD GBP USD LONG CPI nfp PMI
2
0
beyondta trendanalysis chartpattern gbpusd gbp usd long cpi nfp pmi
- Potential for a bullish week, sparked by positive PMI as this rose to 56.3 last month, from 56 in September as well as Poorer US NFP data
- Technicals support this as trend retests support levels and MACD moving averages crossover
- However be wary of next weeks UK CPI data as Mark Carney mentioned that CPI could be higher than 3% which will have adverse effects on GBP
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