FxGrow Daily Technical Analysis – 14th Sept, 2016
By FxGrow Research & Analysis Team
GBP/USD VULNERABLE TO DROP FURTHER MORE : UK JOBS REPORT INTO FOCUS
Dovish comments by Fed Governor Lael Brainard on Monday 12th of Sep where he suggested that the possibility of an action on Fed this month are as thin as ice. As a result, the USD was moving in strong positions against major pairs and commodities. Today, UK Job data will be the elemental key player that may set a new course for the GBP. Both scenarios are possible depending on the result of this Report. Yesterday the GBP/USD was bearish, but since 2 AM this morning, it took an opposite trend moving in bullish candle charts due to the high demand of traders buying GBP, taking a leap of faith on the British Currency.
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