Given previous market news , and being that Theresa May brought overall price of Sterling Down with her speech Friday. We can come the conclusion that the current monthly support level will in-fact be respected , and has been. Overall uptrend however we noticed about 150 Pip correction within the last 3 days . 152.8 , 151.4, 150.5 , 150, 3.
We are still bullish on this pair with our psychological target on the upside of 1.6000. Our target for this week is on the upside of 1.55400, 1.5600, 1.56350. The safest entry would be above the break of the pivot point 1.55400 with a bullish confirmation on the smaller time frame (1 Hour). However, we would be setting this trade up as a swing trade. If you are...
Looking short to possible levels of 91.00-86.00. Target for this week is 94.750. However, there would be management levels set for risk management.