GBP/USD 13th November


GBP:

Swing traders can exit shorts on the lows of today, as systems have gone long.

I do expect a rotation back upwards to re-test upper resistance zones around the Weekly 50% level...

That needs to be verifed with the break of intra-day trailing resistance line, but because the trend is down traders should limit position size to minimum contracts if looking to trade a short-term counter-trend up move on Tuesday...