Forex Trader

US dollar strenght lead the Pound lower despite good GDP data from the UK. You can see how the pair hit the down trednline exactly when the data was realised and turn the pair down true the first support. The previous strong support and important psihological level at 1.5000/30 is holding again. The pair is slightly recovered and the bulls will try to reach the previous minor support at 1.5050/60 at first. I don’t see a stronger resistance at that level and if that will be taken from the buyers on the way back toward 1.5100, the trendline could be on test again! Follow the US dollar strenght in the market, it’s incredibly strong on all pairs! If you trade on news, dont! 😉