UK Pound Analysis - GBPUSD Trade Plan + Setup

⭐️Key Takeaways⭐️

✔️ BOE this Morning
✔️ Pound showing signs of weakness with YEN, EUR, CAD, and AUD

⭐️Market Sentiment⭐️

All eyes on BOE.

⭐️Technical Analysis⭐️

Currently trading just below the 1.30 handle where we find a confluence zone of resistance levels. Should we manage to break and hold above this confluence on the 4hr timeframe, I will be looking for buying opportunities up towards the 1.3380 area. If however we're unable to break and hold above the confluence, I will seek to enter short provided price-action establishes continual lower lows

Regards,
Michael Harding - Chief Technical Strategist @ LEFTURN Inc.

RISK DISCLAIMER
Information and opinions contained with this video are for educational purposes only and do not constitute trading recommendations. Trading Forex on margin carries a high level of risk and may not be suitable for all investors.