GBPUSD--(L-S)...Look for Recovery till 1.3180--1.3200

L-S ( Long First Above 1.3091...Short Later Post 1.3020.....or in the zone 1.3180--1.3200.)

GU made a low 1.3021--A fresh Low...I am looking for a corrective recovery in the zone 1.3182-0--1.3200...

Trading Strategy-1: Going Above 1.3091...Longs could be taken for the target zone 1.3180--1.3200...Which will give us 90--100 pips....

Trading Strategy-2: Once the desired zone of 1.3180--1.3200 is kissed where GU retraces 38.2 to 50% of the fall from 1.3371 to 1.3021....could be sweet spot for taking short ---but do confirm at your end for taking shorts in that zone...


Regards,
Abhishek H.Singh, CMT