DislikedIf I may ask ........at which point will you go long on GBP/USD? I am still thinking GBP don't have good fundamentals to appreciate.
Thanking you all for insight.
BandaIgnored
For instance, for going down under, it would be much easier to keep it at 9420 rather than 9480-9500 on tomorrow's mixed news as forecast. It has done that since Friday.
Now, to secure going up, it is safe to open London above 9460 in case of GBP-negative news. Spikes down and get buffered at this level. Then comes USD-negative news and the stage is set to boost.
That's what I've observed here... Let's watch European open tomorrow to see how the positions are going to be placed.
Either way, I'm not foreseeing a easy day to trade. I might get the session open, scalp my few pips and get the hell out.