Looking to Sell GBPUSD around the 1.30000-1.30400, wait for reversal candles in that zone. First Target: 1.28500 (+150pips)
Short term, we do have a 4 Hour trend line that will come into play and act as resistance around the 109.000 region. This area will be key as to whether this pair can push higher to meet the monthly resistance at 110.000 or reject the trend line and head south. Traders will be looking for any sign of weakness on this pair given last weeks activity, so should this...