GBPUSD Bullish for Overlap

2020-02-06 19:44:46

I'm thinking GBPUSD is bullish during the overlap today.

It's been doing the same thing all week, it made a new low during UK but looks like it is reversing, I would not be surprised if it was another grab of liquidity and the banks wanted to buy.

With NFP approaching I think the market may be more range like today, this TP is a little bit of a stretch in my opinion,

But you can always adjust your take profit mid trade (if your rules allow it)

I will post a 5m or 1m analysis below with more detail.