Forex Market Updates

GBPUSD no move at all

GBPUSD is stuck at the lower part of the week move. Waiting for further data to confirm either a continuation lower or a move up to retrace some of its losses. USD is strong confirming further continuation of the current trend and GBP is still weak. The ideal scenario is a move up and then continuation down. We will try to grab some fresh shorts on a move up or retracement.