Range bound trading.

Current analysis, keeping it stupid simple....

After breaking 1.2332 the Pound has offered a few short biased trades. As of right now, trading in the lower mid band of the range I don't see any trading opportunities. I am neutral on this pair.

If the US Dollar breaks to the downside I would expect a move in cable up to 1.2471 resistance.


Hope you find this simple technical view helpful with your trading plan. Cheers.