EURGBP is sitting horizontal at the moment. We have news @ 9:30am Including the Claimant Count which the market hopes for an improvement, I’m holding out of putting risk on till after that I think perhaps looking for a break GBPUSD below 1.50295 or above 1.52095 where the pair has been ranging for days. I think orders above and below this point is a good move at this stage but holding back until 9:30am when the data comes in.
Yesterday’s GBP data was disappointing but not enough to break the range.
Update @ 9:30 AM good news from GBP I am now using my trading technique here to continue the trade. I’m actually bearish after it went below the box.