Hi.
Im new as to this so I would appreciate constructive criticism alot.
new being about 5 days studying fundamental analysis.
Ive written a couple points on reasons I think GBP/USD is bearish over bullish.
BULLISH REASONS:
1: FXempire technical analysis 25 august, time frame: 1 day, Moving averages; 11 say bullish 7 say bearish.
BEARISH REASONS:
1: FXempire daily forecast - states 1.35 being major resistance level
2: GBP still bearish from brexit
3: FX empire technical analysis on oscillators on 1 day time frame: 3 sell, 2 overbought, 2 buy
4: GBP/USD price currently hovers near critical trend line 1.325ish
Ive put a sell on GBP/USD at 1.323 thinking(guessing/gambleing considering i know jack all currently) it is going down to the 1.30 area.
-This is on practice account obviously.
I was wondering what other people think about janet yellens speech and the effects on usd.
Feel free to list all the thinks im missing that might have an impact on gbp/usd.
Thanks!