US employment data to dictate mood; OPEC can’t lift oil
Spotlight falls on the US jobs report today; risks around dollar [...]
Trading news
GBP/USD double top in progress
The GBP/USD has broken through resistance on the winds of Inverted Head and Shoulders pattern (green rectangle). POC comes within 1.3165-80 and we could see rejection towards 1.3102 and if it breaks then 1.3020 is next. POC (double top, 61.8, bearish order block) should reject the price but if we see a 4h close above 1.3180 then 1.3238 is next. Pay attention to POC and levels as the price either rejects or breaks through POC.
Follow @TarantulaFX on twitter for latest market updates
Thursday, 18 Aug, 2016 / 6:57
Source : http://www.admiralmarkets.com/analytics/technical-analysis/
Trading news
Traders Eye Payrolls Report After Weak ADP
The markets continue to whipsaw ahead of today’s payrolls report. This [...]
THE POUND ROSE TO ITS HIGHEST LEVEL IN ALMOST 7 MONTHS. WHAT'S NEXT?
On Wednesday, the GBP/USD crossed the 1.3000 level and set a new high in [...]
