FaithMight

More Dips, Same Trend

Written by

@faithmight

in

Our first full week of the new quarter and we are greeted to a correction in GBP across the board. With the Bank of England rate decision this Thursday, price action today indicates tons of positioning as market participants take profits and set orders ahead of the announcement.

GBPJPY DAILY CHART

 

GBPNZD DAILY CHART

 

EURGBP DAILY CHART

 

$GBPUSD chart: Healthy Dips Make for Healthy Trends (FMFX)

Trade what you see.

 

 

Comments

2 responses to “More Dips, Same Trend”

  1. All According to Plan – FaithMightFX

    […] yesterday as sterling weakens ahead of the Bank of England announcement. We started the week with these charts. We staked out our levels. But it is not to make a plan. YOu have to have some conviction and put […]

    Reply
  2. The Sterling Digest, 11 July 2014: stalling – FaithMightFX

    […] More Dips, Same Trend (FMFX) […]

    Reply

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