We could have gotten into GBP/USD in the Frankfurt session (on a short) but apparently the pair is currently testing the 61.8′s support at 1.5540 from yesterday’s rise.
We observed overall selling sentiment on GBP but there lack the the strength in USD. We’ll continue to monitor the market for it’s behavior and bring you the best trades when the time is ripe.
Our team is considering a short if the said Fibo support is broken, or a long if there’s a steady sign of the market continuing its uptrend from yesterday.
Let’s hunt like a sniper, shall we?