GBP tested support 5-day 50% level 1.9672 and now rising.....
Expectation that price is heading towards Friday's highs...
However, intra-day resistance is around 1.9715-1.9726
Therefore it needs to break above that, stall and consolidate before heading higher during US hours....you don't want to be shorting above intra-day resistance.....
Below 5-day 50% levels LONGS open to Risk...
trading longs off support look to partial exit around 32-43 pips off the swing lows, with stops just below the lows, and hold......
Expectation that price is heading towards Friday's highs...
However, intra-day resistance is around 1.9715-1.9726
Therefore it needs to break above that, stall and consolidate before heading higher during US hours....you don't want to be shorting above intra-day resistance.....
Below 5-day 50% levels LONGS open to Risk...
trading longs off support look to partial exit around 32-43 pips off the swing lows, with stops just below the lows, and hold......
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