This is my look at the weekly chart! Price already touched support that has lasted for years and... Bounced Off Of That Support. After the move down , we had some moves up on the daily time frame.... This was just a pullback on the weekly and now its time to go short again for more than 200 pips!!!! Gbp News is expected to be negative for the Pound 1 hour after the open of the London Session! We have technical and fundamental reasons to sell here!!!
If you try to sell gbp/usd ... well ... you know that the usd is expected to be moving down now... So you would be selling a weak pair against another weak pair!
It is my belief that the best 2 trades for the london session will be the stronger aud and nzd ....
(Given that Aud is moving up against most pairs and Nzd is started to gain strength)