The Pound grew up sharply and on large volume yesterday, which is a good bullish signal. So even despite the fact that the price is trading in the range right now, we should consider the scenario of its exit from the consolidation up. It will give a possibility to open long positions. The move must be abrupt and supported by increased/large volume in order to insure us from fake movements. A stop loss should be placed below the breakout volume bar. A potential of the deal is up to 200 pips.
The bottom line: long positions after a breakout of the upper limit of the range.
The bottom line: long positions after a breakout of the upper limit of the range.