this week as well as next week have lots of fundamental stats announcement on UK which will affect GBPUSD.
considering the number of critical announcements made by US it outweighs by quite a bit.
although RSI and MACD reads that it will fall, it won't last long.
technical indicators are mixed - taking info from dailyfx -
it is showing very unusual signs of market movements even with the technical indicators showing it should have reversed by now for a correction.
fundamental releases this week should be inline with consensus, even if there is a dip it should be a buying time as all fundamental indications are pointing strength to GBP.
USD will need to wait until next NFP release and wait for cool weather to go before any signs of dollar strength to come back showing.
considering the number of critical announcements made by US it outweighs by quite a bit.
although RSI and MACD reads that it will fall, it won't last long.
technical indicators are mixed - taking info from dailyfx -
it is showing very unusual signs of market movements even with the technical indicators showing it should have reversed by now for a correction.
fundamental releases this week should be inline with consensus, even if there is a dip it should be a buying time as all fundamental indications are pointing strength to GBP.
USD will need to wait until next NFP release and wait for cool weather to go before any signs of dollar strength to come back showing.