GBPUSD UPDATE: Continuation of buy program. Next target 1.3250I am looking at a continuation of the buy program that we have been in for the last few months.
This chart shows 2 zones that I will be looking at adding more buys, I am confident that we should see an extention to 1.3250 before a drop but I am managing my expectations and being reactive to price action as it unfolds.
News yesterday gave us the expected volatility and these buys are a high probability opportunity to get the GBPUSD at a cheap price.
Shorting right now would be contrary to my method and I prefer to wait for buys. As always price is a leading indicator for price itself and it will guide us.
I have taken an aggressive buy at market open but I will add more as price gets to my execution zone.
Goodluck.
