Horizontal trading yesterday

I am still holding GBPUSD buy and EURGBP sell today although there is only one piece of GBP news. Tomorrow us UK GDP which us forecast as up from 0.3% to 0.6% and Y/Y 0.3% to 1.4% this should cause a bullish move for GBP against all comers.

So my buys for sterling were placed at the bottom of the channel. Although we may see a further drop down to start with I would imagine GBPUSD will be bullish today but really looking for major movement tomorrow. @9:30am

Incidentally EUR Greece is late paying it’s bills however it may already be in the price. EURGBP is STILL waiting for a drop having failed to break up. Pressure is on the EUR and when it goes, it could be a big move.

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