GBP/USD 7th November


This week I was looking for a rotation back into the 3-day lows @ 2.0670

The confirmation was the intra-day break and parital exit @ the 90 pip lows.

The trailing stop was placed and the GBP has continued upwards.

When looking at the higher timeframes, the market is hitting major levels. Hard to be buying around these highs, nevertheless the currency can go higher.

trailing support @ 2.080 intra-day Wednesday.

No set-ups for Wednesday's trading.