thillygoosth

GBP/USD long term fundamental and technical analysis

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OANDA:GBPUSD   ポンド/米ドル
I have talked posted about GU several times about its diagonal pattern and need to correct. I would like to point that the news just came out where Carney said that interest rates will not be raised. But the US has been planning on raising them. When you consider the pattern and the fundamentals, if GU was to spike up, I'm looking for sells. Technically speaking it is in a range, could create a flat, but considering everything I feel we should continue to be getting downside as it corrects the diagonal it did. But that doesn't mean it will do it in a strait line.

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