Trade Against The Retail Herd 25th Feb

What's new today?

The big news event of the day is the US GDP 10:00 EST expected to come in at 3.3% a deviation of 0.1% or more could lead to some significant changes in trader positioning, we also have UK Revised GDP coming out at 04:30 EST which is also often a big mover. In yesterdays session we saw overall GBP weakness. As a result GBPUSD has slipped from the strong long zone back into the long zone.

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Provided by Pivotfarm via the Technical Analysis blog