PRICE ACTION

PRICE ACTION

czwartek, 7 listopada 2013

#GBPUSD waiting for interest rate decision

Since yesterday GBPUSD is in a zone between 1.6067 - 1.6114. We can look for long position couple pips under 1.6067, or short position above 1.6114 level. This trades shouldn't be risky till 60 min before news. An hour after interest rate decision if one of this levels is broken we will look for a good spot to join the trend. However that  can be very hard if the volatility is too high. Othewise if GBPUSD stays in this consolidation after interest rate decision, we will wait till after usa news comes out (13:30GMT).

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