EURGBP moving in a ranging fashion within the grey Zone. Price has been consolidating over the last day or so after a strong bullish push.
Expecting GBP weakness to continue following the recession news, anticipating a break to the upside from the current range. A break/retest scenario is possible, depending on the momentum.
Range breakouts are my favourite due to the great R:R ratio they usually present! Initial target will be the next resistance area.
Expecting GBP weakness to continue following the recession news, anticipating a break to the upside from the current range. A break/retest scenario is possible, depending on the momentum.
Range breakouts are my favourite due to the great R:R ratio they usually present! Initial target will be the next resistance area.