1. GBP - Strong data on trade and industrial output helped Sterling to be supported on Friday. Political risks (Brexit) eased last week which also helps. USD bearishness (tax reform uncertaintly) also helps.. yes ive typed helps three times already. i need help. GBP Bullish
2. Dollar was pressured last week due Tax Reform Delay uncertainty, with lack tier-1 news event, it is expected (it could be reversed by the way) the dollar to continue to be pressured.
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its 1.312 now. Better price to long this bugger. No drivers that shifts my sentiment (Bullish Sterling) as of now. So its still on
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You can see Bank profit taking there.. pin bars.. not sayinga it will reverse now. It might continue towards 1.3085
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"The pound slipped early on Monday as troubles mounted for British Prime Minister May, with a report that 40 Conservative MPs are readying a leadership challenge, while Brexit talks face a crucial deadline."
my oh my.. that is a big threat to my Bullish Sterling sentiment.