As the UK comes out of lockdown and the economy re-opens I expect that the GBP strength will continue.
Next level is a 4% drop in EURO value against the GBP, 400+ pips, trading from the weekly chart.
My stop levels are large, but will still only be 1/2% risk for me. The total trade is a 2.74:1 risk reward (slightly under my minimum 3:1).
I like the feel of this...
Another look at GBP strength potential plays, news with the vaccine for britian.
GBPJPY great 4hr continuation last week, lets wait for a pull back on 4hr or if GBP pushes on higher use 1hr bounce.
Where are you looking this monday? Silver? Seems all talks are about and around what reddit WSB are doing.
Fundamentals suggesting strengthening signals for GBP as the scheduled data releases all higher than previous.
Waiting on a technical entry, too early to jump in. Be patient and wait for a confirmation for higher success.