Selling #BritishPound due to slowing #Economy $GBP $USD #forex
British Pound is still in a decreasing trend channel.
The pair fails to reach main support at 1.52 level.
That's why i'm still bearish on that pair.
On the fundamentals side the UK GDP growth rate shrinks in Q4 2014
to 0.5 percent from 0.7 in the previous period. Germany other big player in Europe officially enters deflation.
Good entry point is at 1.507-1.504
TP1 1.48
TP2 1.47
SL 1.533
The pair fails to reach main support at 1.52 level.
That's why i'm still bearish on that pair.
On the fundamentals side the UK GDP growth rate shrinks in Q4 2014
to 0.5 percent from 0.7 in the previous period. Germany other big player in Europe officially enters deflation.
Good entry point is at 1.507-1.504
TP1 1.48
TP2 1.47
SL 1.533
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