jplo,
imho, it's not in a good location.
gbp$ is & has been in a range for some time, as evidenced in your chart.
this may still be tradeable, but u must be aware of & quick to respond to the possible trouble areas below the PB.
Alternatively, u may want to wait for better trades tomorrow until Friday.
the markets are pretty quiet as is this thread today. not much news today for news readers/traders to pounce on.
imho, it's not in a good location.
gbp$ is & has been in a range for some time, as evidenced in your chart.
this may still be tradeable, but u must be aware of & quick to respond to the possible trouble areas below the PB.
Alternatively, u may want to wait for better trades tomorrow until Friday.
the markets are pretty quiet as is this thread today. not much news today for news readers/traders to pounce on.