Petr Suchanek

GBPUSD still in a range-bound mode

FX:GBPUSD   British Pound / U.S. Dollar
355 2 0
Unlike Euro             , the GBP reaction to news has been quite small. Personally I am waiting for this intraday scenario, i.e. sign of weakness above the range high and the short entry at the re-test of the boundary.
Let us see what unfolds.

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Ok, the price did not get to my target 1, but the false break gave a nice opportunity to take a short trade with min. 1:2 RRR. The GBP strongly closed above the resistance so it might go higher now. Let us see.
Agree with your chart mate. Let's see
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