We see a ton of buyers step in to begin the week for GBP.
Trade Scenario 1: Bearish - We are back in the supply zone and waiting for price to to form bearish engulfing/variations before looking short.
Trade Scenario 2: Bullish - If we want to be patient for a long we need to see a significant pullback to at last the 1.340 handle. We will wait for a significant retrace before we draw our fibs on the recent push up.
Trade Scenario 1: Bearish - We are back in the supply zone and waiting for price to to form bearish engulfing/variations before looking short.
Trade Scenario 2: Bullish - If we want to be patient for a long we need to see a significant pullback to at last the 1.340 handle. We will wait for a significant retrace before we draw our fibs on the recent push up.