GBP/USD Waiting - 30/10/2017
Nothing has changed for the Pound as the price is still trading in the consolidation between two strong levels: the support 1.3049 and the resistance 1.3318. Also we should note that large volume is concentrated in this range, so the exit of the price from it will be a good signal for entering the market. That’s why we should wait for the price to come out from the consolidation on increased/large volume. The movement must be sharp. Only after that we can consider new deals here.
The bottom line: waiting for the price to exit from the range.
The bottom line: waiting for the price to exit from the range.
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