FX:GBPUSD   BRITISH POUND / U.S. DOLLAR
110 0 1
We are stuck sideways with uncertain down pressure. My suggestion would be sell towards the lower end of the made range form the current price. 1.2190 with targets of 1.2000. wait until the market completes any down at the 1.20 as this is a price which the market should test again. If these areas are revisited, this would be a good area to consider buying.
On the other hand, if the market should pick up from it's opening price 1.2186 area, buy targets are at 1.23 1.24 and higher. This is my observation of this market. Do your own observation before entering. And remember, if you are taken the wrong way in any trade, hedge and hold..
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