The economic calender on GBP is heavy on this Wednesday (Today).
We predict the downgrading of Economic growth numbers by more than -1.0%, and the Employment may hit sky high above expected numbers.
With the risk aversion momentum and the relative (positive) up move of Dollars right now, , we therefore expect the currency pair Gbp/Usd will go down considerably which is also conformed by the Chart Indicators in Bearish momentum..
Technically, The currency pair will retest the 1.5710 support (Support #3 on the chart)., and Breaching this level may expose the next structural support at 1.5543 rather quickly.
We predict the downgrading of Economic growth numbers by more than -1.0%, and the Employment may hit sky high above expected numbers.
With the risk aversion momentum and the relative (positive) up move of Dollars right now, , we therefore expect the currency pair Gbp/Usd will go down considerably which is also conformed by the Chart Indicators in Bearish momentum..
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