Hi traders,
The GBPUSD broke the consolidation pattern and kept below the 131740 handle this week tagging the 130150 level.
Price had been quite choppy this week running tight stops to the long and short side. The stochastic is chopping so far in the year suggests we haven't established a trend as of yet.
At these levels a break below 130150 we can look for bearish plays and above the 131250 level we look for bullish plays.
All the best,
Aardall
The GBPUSD broke the consolidation pattern and kept below the 131740 handle this week tagging the 130150 level.
Price had been quite choppy this week running tight stops to the long and short side. The stochastic is chopping so far in the year suggests we haven't established a trend as of yet.
At these levels a break below 130150 we can look for bearish plays and above the 131250 level we look for bullish plays.
All the best,
Aardall