Good Morning All,
Last week we saw the pound move in a fairly range bound manner, similar to that of the DXY. With the DXY now presenting a sell opportunity you could take advantage of the pound moving to around the 1.32740 level before a more significant reversal. Looking on the 60/240min chart it looks like the cable has completed a bullish flat structure so using your own trading strategies look for bullish setups to ride the pair to the top of the channel formation.
Follow for further updates on GBP/USD
@BrightForex
Last week we saw the pound move in a fairly range bound manner, similar to that of the DXY. With the DXY now presenting a sell opportunity you could take advantage of the pound moving to around the 1.32740 level before a more significant reversal. Looking on the 60/240min chart it looks like the cable has completed a bullish flat structure so using your own trading strategies look for bullish setups to ride the pair to the top of the channel formation.
Follow for further updates on GBP/USD
@BrightForex