Wednesday 25 January 2017

GBP/USD analysis: further gang-bangin gains depend on Q4 GDP... biatch!

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Da Sterlin outperformed its major rivals, soarin against tha greenback n' reachin a gangbangin' fresh 6-week high of 1.2627, settlin all dem pips above tha 1.2600 level. Da sickest fuckin UK quarterly CBI Industrial Trendz Survey flossed dat local manufacturers is mo' optimistic all up in tha beginnin of tha year, up ta 5 from previous 0 n' tha expected 2.  Further helpin tha Pound these last few minutes was tha lack of macroeconomic shizzle dat can trigger concerns over tha upcomin Brexit. Nevertheless, tha UK will release its Q4 preliminary GDP figures dis Thursday, sposed ta fuckin show dat tha economizzle grew by 0.4% up in tha three months ta December, followin a 0.6% advizzle up in tha third quarter n' shiznit fo' realz. A readin of 0.2% or lower will probably put tha Pound under pushin heat yo, but there be phat chances dat buyin resumes at betta levels. Da technical picture fo' dis Thursdizzle is bullish, given dat up in tha 4 minutes chart, tha price advanced well above a straight fuckin bullish 20 SMA, whilst technical indicators hold near overbought territory, wit limited upward strength at dis time of tha day. It make me wanna hollar playa! Further gains could peep tha pair extendin up ta tha 1.2770 region, December high.


 Luv, Da Forex Gangsta... peace out!
                                                                                                                                                                                 via GIPHY 

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