GBPUSD - continuation of trend

24 thg 5, 2017

taken a position again long gbpusd. have traded this every day this week, i think i may be sat in position without much movement until afternoon session as lots of US data and Draghi speaking. The momentum to the upside feels like its slowing for now although the 150 EMA and highly visible trend line are holding up well. UK politics weighing down GBP perhaps, dollar index also finding a little strength - i'm watching to see if its just a retracement. I still think we break above the 1.340 area.