GBP/USD - Manufacturing data will make or break this

Right, here we see this pair stuck in a range for the last two months or so, manufacturing data to be released on Monday morning for GBP. We will either see this pair break through the box and reach 1.34 or retrace down to 1.31 level.

Either way, take your pick, trade after the news if you wish, however, trade safe.

Kommentera:

I should have added that I will not be entering this trade myself, it is simply speculation and the short position is just to give you an idea regarding risk/reward