FX.co ★ GBP/USD

GBPUSD TF D yesterday’s daily candle is essentially a reversal PIN bar from the July high level of 1.3557. It fell a bit short by about 10 points, but for forex that’s normal. Today UK GDP will be extremely important for assessing the outlook for the regulator’s monetary policy. If the report comes out lackluster, I will rely on yesterday’s daily bearish candle as a sign of a reversal from 1.3550.