GBPUSD - Thursday Trade

10 Eyl 2020

This is an idea for an intra-day trade on GBPUSD, if we manage to hold above the previous small resistance level then we can consider a small buy position into the next key level marked. It is quite obvious that GBP has finally reacted to the beating it was taking and on the lower time frames, you can see that price has begun to shift.

IG Client Sentiment - 52% Short
COT Data - 60% Long