Taking a look at the daily chart, I am looking to go how. However, I want to see how this instrument trades following tomorrow's PMI data from the US.
On my chart I plotted out an AOI level which would be nice to test. If that happens I'll be looking for bearish stalling action on the small timeframes such as the 5 min to scalp a long entry.
That's it - That's...
== KEY TAKEWAYS ==
+ There were four-month lows for the pound sterling relative to the US dollar.
+ It appears that GBP/USD will be vulnerable coming up to UK inflation week.
+ The pound sterling maintains its bearish technical indication target at 1.2400.
The US dollar (USD) continued to lose ground against the pound sterling (GBP), causing the GBP/USD...
