GBPUSD MONDAY TRADING SESSION

Going into Monday 2nd AUGUST the key level to be watching is 1.39250. if we get a retest at that price level and the market holds we will be going short to 1.38750 and if 1.38750 fails to hold during the day we will see a further slide down to 1.38250. But on the other hand if the 1.39250 key level fails to hold on Monday then we will see price go back and test the previous weeks highs at around 1.39750 a break above that level during the day will see price push up to 1.40250 for the day.