IF news is favourable this Sunday May 10th in Great Britain after talks on new lockdown measures are released (easier).
Im expecting a slight jump in GBP/USD and a little squeeze on the downside of USD/CAD. Therefore Tp1 + Tp2 will be hit and possibility of Take profit 3 at end of next week.
(all Dependant if market conditions are favourable in respect to...
Looking at a basket of Sterling pairs on a variety of time-frames.
(You can add this to your own watchlists by copying this code: GBPAUD*GBPCAD*GBPCHF*GBPJPY*GBPNZD*GBPUSD*GBPEUR )
There appears to be some evidence of a bottom shaping on the 4-hour chart.
Expecting a bumpy ride with Sterling, but I believe the Risk/Reward is looking favourable in the short...