Pound recovers some poise as GBPUSD dip-demand prevails again

Another roller-coaster ride for the pound in this session 29 Sept

GBPUSD has been down to test 1.3350 again after weaker UK GDP data and month-end EURGBP demand but once again we’ve found buyers prevailing in the dips.

While I’ve been recommending GBPUSD shorts between 1.3420-50 I’ve also warned not to get too greedy and today is no exception.

Good sources now telling me of strong «model trading» demand between 1.3340-45 with stops below and also noting some GBPUSD option expiries 1.3365 and 1.3385 which I have added to my original post.

Currently 1.3387  I still expect rallies into 1.3430-50 to be sold again and am given some comfort that today’s reaction to Carney’s earlier rate hike comments got the brush off they deserved. with focus on more fundamental concerns.

                                                      GBPUSD 15m

Article Source

Добавить комментарий