Friday Long Sterling Dollar target is 6680/90 area. Stop is just under 6450. Target should be met US session sometime. Tomorrow morning if possible Buy around 6550 with stop at Aisa Bottom. Cable should progress to 6680/6700 area.
GBPUSD - Long - Correct Long Trade
Aisa should drop to 6400 Level or around there
Early Europe should pick up from here to challenge the 6550 level
My Trade is long at 6400 (Early European Session) target 6550 (Mid US Session)
GBPUSD - Short
If this scenario does not apply early europe then the target for shorts is 6310. With GBP Retail news out 930am i dont believe this will apply.
GBPUSD - Long - Correct Long Trade
Aisa should drop to 6400 Level or around there
Early Europe should pick up from here to challenge the 6550 level
My Trade is long at 6400 (Early European Session) target 6550 (Mid US Session)
GBPUSD - Short
If this scenario does not apply early europe then the target for shorts is 6310. With GBP Retail news out 930am i dont believe this will apply.