Potential break up or down after pullback on the closing wedge
This is a tricky long term trade. Sterling looking for value up or down from the 1.25mark.
An upward break could reap better profits than a downward break as the sterling USD is unlikely to push lower than the 1.21258 mark.
Coming up Retail Sales GBP figures on Friday might show a resilient spending base in the UK while the US PMI numbers might pull out in the race.
Hard to call this one
An upward break could reap better profits than a downward break as the sterling USD is unlikely to push lower than the 1.21258 mark.
Coming up Retail Sales GBP figures on Friday might show a resilient spending base in the UK while the US PMI numbers might pull out in the race.
Hard to call this one
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