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Sterling May Find Support

Cable has tagged the VI this morning & has made an intraday retreat but this is the early stages of the session. Stochastics shows oversold but no false bar yet. Support in addition to figure & VI is shaded in green & we can consider this a bearish bias should price break this zone.

Whatever the outcome, trading room members should look to utilize the trading tools & strategies to capitalize on any high probability opportunity. Watch for the session end nearing when evaluating good confluence of events.

Chart courtesy of Advanced Get. Data supplied by eSignal.

 

Good trading...

Javid Shaik

Dynamic Trader