I still favor another high for GBPUSD
although we saw a strong reversal after last weeks exit polls.Short term we have to deal with a bullish
impulse after last weeks NFP data, therefore we should be looking for an easy and safe trade set-up. I will be watching for a minor consolidation (comparable to my AUDUSD
update of today) and buy the continuation. Stop loss should be below that consolidation which will give us at least a 3/1 Risk/Reward trade. If it doesn't show us that consolidation I simply let this pair go for now because my bias is bullish
at the moment.
Updates will follow.