The cable is retracing a little as I write this, it is still bullish in spite of the retrace, it could go to 2.0100 today before continuing up, I will wait for more information.
A possible entry is at or near the 2.0100 – 2-0130 (long)
target 2.0200 (plus 70 – 100 pips)
stop 2.0080
Remember, always use your stop-loss, every trade is risky, and again, I would recommend using small lots at these levels.
Happy trading
Hi Peter–I have set up my demo trading account to foloow your advice with the GBP…do you think the GBP will stay above the 2.000 mark as it has not been up that high for
10 years so I am told? and why is it so bullish now?
I am just getting started so not sure what drives the this currency but I am excited to follow your advice and see how I do…thanks Karen