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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