Apparently the GDP announcement got things moving in the GBP crosses (at least most of them). The GDP came out at 0.8%, forecast was 0.4%, it was a good figure, but not as good as the movements we saw this morning, I guess sometimes traders need a catalyst to get things moving.

GBPJPY is in a bullish market condition, next LT level is at 135.05
GBPCHF, bullish and next level is at 1.5856
GBPCAD, bullish and next level is at 1.6386

The only wan that is still trading in a range is the GBPUSD, not that well defined by the way, so I’m staying out of this one.

Trade Safe!

Raul Lopez
Forex Training