OANDA:GBPUSD   British Pound / U.S. Dollar
An interesting level here for cable, over the last few weeks we have seen a sharp rise with pound strength and USD weakness largely caused by the vaccine news, and the US election circus. Depending on how this uptrend level holds (highlighted in purple) will give a strong indication of direction. Technically it's in middle ground with strong arguments for against with key zones on both ends. Fundamentals will play a large part from Vaccine roll out, to Trump slowly handing over control and admitting defeat towards Christmas. If the trend holds and we start to see a push back to the high, a long order will be confirmed (Option A). If we are able to have a substantial break in trend, then short option B) would be our play. High on the watch list and will be posting orders on either scenario shortly. Good luck.

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