GBPUSD retraced back to 1.69 zone on Monday as expected. During today Asian trading session, GBPUSD moved slowly with bias down trend and started moving down quickly after China data and when European market open.
As noted before, GBPUSD long term bullish trend still intact although short term trend is down.
GBPUSD may hold at 1.682 zone to wait for US market open.
1.676 is a good zone to wait for buy signals before UK job reports and BoE Quarterly Inflation report tomorrow.
Forex trading signals:
+1.699 – 1.700
+1.689 – 1691
+ 1.680 – 1.684
Forex Signals 247.