GBP/USD analysis by Keon Consultancy | Feb 5, 2020
- KeonConsultancy.com
- Feb 5, 2020
- 1 min read
We entered sell in GBP/USD. Here is what we see on D1/daily time-frame:
Here is what we see on H4 time-frame:
Note: if ISM Non-Manufacturing PMI from USA will come less than forecast today, we'll close sell of GBP/USD at break even point and will enter sell in GBP/JPY with target of same amount of pips.
The trade had been stopped out at Break Even point.
ISM Non-Manufacturing PMI from USA came 0.5 better than forecast with a revision of 0.1 less in previous, thus overall deviation is +0.4. Therefore, no trade in GBP/JPY and holding onto sell of GBP/USD.
Moved SL to BE ahead of US ISM Non-Manufacturing PMI.
If ISM Non-Manufacturing PMI from USA will come less than forecast but not less by a deviation of more than 0.5; we will keep both trades, sell in GBP/USD and GBP/JPY.