Pound related pairs got some strong movement in the past 8 hours, although it looks really bullish in a smaller time frame. But still Bears are in charge in the bigger picture.
In a short term, I'm expecting another bullish movement until it hits the resistance line. Traders may say there's a gap needs to be closed around 143.43 area, I think it will, but not anytime soon.
I'll setup a buying order around 144 area and see if this pair can manage to retrace back there
cheers
In a short term, I'm expecting another bullish movement until it hits the resistance line. Traders may say there's a gap needs to be closed around 143.43 area, I think it will, but not anytime soon.
I'll setup a buying order around 144 area and see if this pair can manage to retrace back there
cheers
Trade active:
forgot to update, got 0.5 lot in at 143.93
Trade closed manually:
risk on turning the direction is there, closed my trade manually, 143.93--145.68, enough profit
Comment:
expecting May's speech tonight with cable being tumble, may consider re-enter long for GJ