Today's BOE inflation report at 5:30 EST might break the existing trading range for the pound. Initially we will be looking to play the touch of the range on either side of support and resistance. i.e. Short from 1.5360 / 1.5400 and long from 1.5050 / 1.5000.
UPDATE: Playing the upper range has worked out nicely yielding handful pips. Now it seems like GBPUSD want to break higher and we will be looking for next opportunity to get long.
UPDATE: Playing the upper range has worked out nicely yielding handful pips. Now it seems like GBPUSD want to break higher and we will be looking for next opportunity to get long.