Fundamentals:- We had quite a turmoil last week with the trade war possibilities and then at the weekend with the strikes on Syria. I was up in arms about what to trade this week when I realised the Retail sales figures for the US on Monday are expected to come in much better than previous. Not only that but the strikes on Syria are supposed to be a single message...
Fundamentals:-
As posted in the last trade signal we expected the GBP/USD to sell off. Due to Brexit pressures and the US moving further away from a trade war it is likely we could see a further sell off in this currency pair.
Technicals:-
As you can see from the Chart I have put a fibonnaci retracement on the recent downturn which give a 50% pull back at 14150....
