GBP is sideways across the board except for major moves from external sources (i.e. USD, JPY). CHF is also fairly neutral at the moment. Thus I am not counting on any big move, but technicals look good for the pair to continue in the uptrending channel.
We have a support zone formed by daily support and .23 and .38 fib levels for the recent move from previous double bottom.
Because of my personal risk levels and trading style, I'd prefer to let the pair do a partial retrace and catch it on the next swing up
We have a support zone formed by daily support and .23 and .38 fib levels for the recent move from previous double bottom.
Because of my personal risk levels and trading style, I'd prefer to let the pair do a partial retrace and catch it on the next swing up