More upside for GBPUSD this week?

2020-02-03 11:46:22

Hope you all had a delightful weekend, I've eaten too much as it was Super Bowl Sunday.....as a Brit living in the US, my knowledge of football is horrible, however it's a darn good excuse eat!

On to numbers....We're looking at the 4hr chart which shows a very nice bounce off the Fib level 0.236 @ 1.3550 - i can see us trading in the range of 1.3550 1.3209 for the first few days of the week. I'm long on the pair from the bounce and will sell once we hit 1.3209. I might then sell back to 1.3550 or close to it, and trade the range somewhat whilst keeping fairly tight SL's to avoid any nasty surprises.

Let's see if it works out - hope you all have a wonderful week and may the trading gods be with you :)