Hi traders,
We have picked up on volatility from last month' consolidation. Breaking through the monthly R2.
On the previous Friday we were looking for bearish plays and saw price test and break the R2 level.
This price action was off the back of strong NFP data from the US. However, the bullishness on the GBP supported price.
The stochastic is overdone, and it is likely that we will find a new region of consolidation.
A break above 131740 is a buy only signal. Below this we look to make range plays between 129760 and 131740.
All the best,
Aardall
We have picked up on volatility from last month' consolidation. Breaking through the monthly R2.
On the previous Friday we were looking for bearish plays and saw price test and break the R2 level.
This price action was off the back of strong NFP data from the US. However, the bullishness on the GBP supported price.
The stochastic is overdone, and it is likely that we will find a new region of consolidation.
A break above 131740 is a buy only signal. Below this we look to make range plays between 129760 and 131740.
All the best,
Aardall