After Thursday and Fridays bearish run last week price is now sat at an important support level and with Fridays candle closing as bullish on the 4H chart we are expecting price to carry on respecting this level, we might get 1 more test and bounce of this level before finally ending up in our green zone.
Wit the only high impact news for this pairing coming on Wednesday and Friday the fundamentals shouldn't play a part, Mondays are genuinely slow in the market anyway, but we should be able to reach our target by Tuesday.
Just take in not that when trading GBP pairings sudden in expected news about brexit can make the markets move like a bucking bronco... so be prepared for the bumpy ride.
Wit the only high impact news for this pairing coming on Wednesday and Friday the fundamentals shouldn't play a part, Mondays are genuinely slow in the market anyway, but we should be able to reach our target by Tuesday.
Just take in not that when trading GBP pairings sudden in expected news about brexit can make the markets move like a bucking bronco... so be prepared for the bumpy ride.
Comment:
BOOM, target hit