This is in a range and we have some data due out today from the Eurozone .
Now what goes up must come down and vice versa , anyway the GBP has taken a beating due to the latest polls showing the race is tighter than they thought , the headlines have just come out to say the conservatives will fall short by some 16 + seats for complete control, but this has been seen as a calculation mistake .
Bottom line until the 8th june the GBP will remain under pressure and there is some key data due today from the euro zone . We will be going short on this puppy , over the course of the week I plan to sell in slowly until the 8th june .
1. This is in a prime spot its at resistance .
2. The 0.786 fib line to contend with
3. It is meeting resistance for the 4th time
Sell after data today slowly ......
Short @ 87.30-88.00
Stop @ 88.00 Depending how far this goes
TP @ 86.00
Happy trading people , And Im back now, been very busy with some things in the background last week but all aboard again ...........
Stay tuned people ...........
30 pips moving on ........