GBPUSD local bullish rally
From my 1 Day chart simple analysis i see the bullish rally to this pair before the next week fundamental news from both UK and US
- First target 1.4315 which is about 93 #Pips
- Second target 1.4400 which is about 178 #Pips
Since on 7th March we don't expect any significant news from UK which can move this pair, we will pay attention to some few average news from US
. Fed Stanley Fischer speech
. Labour market condition index
. 3 + 6 month bill auction
Since the first news of Stanley Fischer will be about 15 hours after the opening of the market so it means we have the chance for market interaction to fulfill the predicted first target of 93 #Pips and after get Stanley Fischer speech plus the three US news we can weigh the existed GBPUSD sentiment if it can confirm the rally to second target or will reverse to the existed support zone.
- First target 1.4315 which is about 93 #Pips
- Second target 1.4400 which is about 178 #Pips
Since on 7th March we don't expect any significant news from UK which can move this pair, we will pay attention to some few average news from US
. Fed Stanley Fischer speech
. Labour market condition index
. 3 + 6 month bill auction
Since the first news of Stanley Fischer will be about 15 hours after the opening of the market so it means we have the chance for market interaction to fulfill the predicted first target of 93 #Pips and after get Stanley Fischer speech plus the three US news we can weigh the existed GBPUSD sentiment if it can confirm the rally to second target or will reverse to the existed support zone.
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