GBP/USD today ( November 5)

The GBPUSD rallied sharply following the head and shoulders breakdown. The minimum head and shoulders objective of approximately 1.5200 was not reached. For now, the pair remains in a large range but with a downside bias as determined by the potentially completed A-B-C advance from 1.3500. 1.4855-1.5075 is a potential support zone.

The British Pound/US Dollar has become increasingly sensitive to interest rate developments, and we expect this will continue into the foreseeable future. Speculation over the future of Bank of England monetary policy has had an especially large impact on all British Pound currency pairs. This is especially true for any and all shifts in BoE Quantitative Easing measures, and any unexpected surprises from the British central bank would likely force substantial GBP/USD volatility.

(dailyfx.com)----------------

Catatan dari Mejaku



2 Stoch menunjukkan konsolidasi. Jadi apapun masih bisa terjadi (ya namanya juga forex, gitu aja kok repot) termasuk menabrak upper channel. Terlalu banyak data yang akan di release pada hari ini, jadi saya lebih baik minggir dulu ( yeeaahh \m/ ) sambil mengamati running chart 1h dan 4h.
Sementara ini, menurut saya, lebih baik duduk manis (ngerokok + kopi) dan menunggu kesempatan itu datang (terutama konfirmasi di 1h, 4h).
Sekian.. wassalam.