GBPUSD Analysis: Week 7/12/21 - 7/16/21

I believe OANDA:GBPUSD has room to move to the upside. After a break/retest of the grey zone is when I'll try to find an entry.

News I'm watching out for. (all pairs)

Comments about the timeline of interest rate hikes.
Comments about quantitative easing (tapering or not).
Keep an eye on the opec+ spat. Watch for tapering of production cuts. Watch for oil demand projections returning to pre-pandemic levels earlier than expected.
Any news about vaccines being ineffective against new variants of the virus.
News about lockdowns due to virus variants.



GL Traders!

"The elements of good trading are: (1) cutting losses, (2) cutting losses, and (3) cutting losses. If you can follow these three rules, you may have a chance." - Ed Seykota