The GBPUSD was indecisive yesterday but overall still able to maintain its bullish correction bias. I still prefer a bearish scenario with sell on rallies strategy. The bias is neutral in nearest term. Important intraday range to be closely watched is seen between 1.5050 – 1.5200. A clear break below 1.5050 could trigger further bearish pressure testing 1.5000 or lower. On the other hand, a clear break and daily close above 1.5200 could continue the bullish correction phase.
Hi gregscript,
3 Reinforcement short this morning 1.52344 and 1.5196 and 1.5195. We had a triangle which was broken after noon it has the theoretical goal is to 1.5110 but I think we should go for the 1.5080 area.
Meanwhile a bounce to 1.5165 is possible before I take down now 11 sales on the pair in any stop alleviate 0 last week then I allégerais 3 reinforcements day if we arrive at the goal of the triangle.
