GBP/USD: Non Farm Trade

 
GBP/USD : Non Farm Trades

GBP/USD. Today’s bottom is located at 1.3211 and achieves this destination by breaks at 1.3257, 1.3244 and 1.3227. Only a break of Non Farm traditional 50,000 range would see bottom breaks. To guard against 50,000, next below 1.3211 is located at 1.3190 and 1.3162.
If bottom 1.3211 holds then long back to 1.3244 and 1.3257. If 1.3211 bottom breaks then long back to 1.3211 and target 1.3244 and 1.3257. Only a break of 1.3257 allows GBP/USD to go higher.
Most vital breaks topside are located at 1.3448 and 1.3464. To achieve this destination, 1.3368 must cross higher and Non Farm must fall outside 50,000. Target today is located at 1.3345. The point at 1.3345 is located between 1.3368 and 1.3314. Most vital is understanding of 1.3448 and 1.3464 as most vital because any rises are corrections until both points break higher.
To achieve 1.3345 then next 1.3298, 1.3294, 1.3301, 1.3314 then wide area 1.3314 to 1.3368. Short from 1.3345 back to 1.3311. From 1.3368 then short to target 1.3323. From 1.3314, short to target 1.3296. Overall above 1.3345 is out of range. Any price above, short.
Today’s range 1.3211 to 1.3345.

 

Brian Twomey, Inside the Currency Market, btwomey.com

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