Thing’s are going much better for USD…so it drops.

Well the FEDS announced easing of stimulus, there was good data from the US yesterday (and some bad!) but overall Ben said that they would start winding up stimulus. The Dollar is lifting itself. However this caused a drop in the FTSE and the USD.

My feelings are that this drop was temporary and will retrace back up to higher heights for the USD as it relies more on it’s own currency strength than the fake strength of stimulus.

Selling GBPUSD looking for a break below resistance at 1.54900 or thereabouts.

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