GBP/USD:-
Higher Weekly open and expectation of a 2-day reversal in the market. Ideally back towards the 3-day lows @ 2.0670
Yesterday's trade confirmed with the break of the trailing support line @ 2.0835, with the first partial exit on the 90 pip low.
As we can see there has been some buying support come in around this low, however the trailing resistance line is now 2.0815. This trailing resistance line should hopefully send the market down towards the 3-day lows, as part of the 2-day rotation back down.
Traders can run trailing stops above the line or breakeven stops from the previous break (entry price)
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