Hello Traders, I’m Mani and I’m the writer of Trade 77 section, please follow me on twitter for further updates.
GBPUSD has formed a descending channel in H4 :
I expect more corrections here , 1.5840 is a resistant and after that looking for 38.2 fibo retracement at 1.5870.
Though I have this idea yet I expect Unemployment Claims and Core durable goods news today should send EURUSD and GBPUSD to the south.
So I’m now not comfortable to take positions in USD pairs and want to see the price action here to catch some good points.
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