Well folks, another potential opportunity is busy presenting itself. The pair sold off very nicely yesterday and is resting on key support levels according to daily and hourly charts. Red News release for GBP: conumer price index might add to momentum. Should news be negative for the GBP, then price might sell off at 6004 or 6070. Remember, anything can happen. 15-20minute ICHImoku Tenkan Kijun - Sen is also supporting this potential
Comment:
Price is well on its way to the take profit level. Very much needed momentum was added by the GBP Red news release with a better then expected CPI number.
Trade closed: target reached:
This opportunity is now officially closed.