HOME SALES & GDP
U.S. Existing Home Sales coming out. It is expected at 4.85M. They are expecting a pretty bad number. If it comes out at 4.95 M or higher, LONG USD/JPY, looking for 30 pips of price action. If it comes out at 4.69 M, SHORT USD/JPY and expect 30 to 40 pips as well.
UK GDP coming out. If the q/q comes out at 0.5% or higher and and y/y comes out at 2.6% or higher, LONG on GBP/USD and look for 30 pips move. With 0.6% and 2.7% numbers, you can expect much bigger move. If m/m comes out at 0.3% or lower and the y/y comes out at 2.4% or lower, SHORT GBP/USD and look for 30 pips move.
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