Trading Idea GBPUSD (EW perspective)

Analysis Style : Trend Following Elliot Wave

TF : Daily

Fundamental bias

Positive UK

BREXIT NEGOTIATIONS

UK Unemployment Rate Matches Forecasts

UK Inflation Rate Remains at 5-Year High

UK Trade Deficit Narrows as Exports Hit Record High

BoE Hikes Key Rate to 0.5%

UK Q3 Annual GDP Growth Weakest Since Early 2013

UK Q3 GDP Growth Beats Expectations

UK Unemployment Rate at 42-Year Low

UK September Inflation Rate at Over 5-Year High

Mix USD

TAX REFORMS

US Retail Sales Unexpectedly Rise 0.2% in October

US Inflation Rate Slows to 2%

US Retail Sales Rise 0.2% in October

US October Budget Deficit Widens Slightly Above Expectations

US Consumer Sentiment Falls From 14-Year High

US Jobless Claims Rise to 1-Month High

US Services Sector Rises the Most Since 2005: ISM

US Trade Gap Slightly Higher than Expected

US Unemployment Rate Drops to 4.1% in November

Long term technical

Price breakout of Bullish Channel at 1.3050 possibly will make a new impulsive leg of wave 5.

Thanks.

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