I’ve been chirping on about this level for a while, including again this morning, and everyone I’m sure knows my sell-rally strategy for a while now.
I’ve taken some more money off the table near the lows and will look to resell into 1.6050 then 75-85 initially but keeping an inherent short position still as the pair remains vulnerable , and that jobs report was a biggie.
A break of 1.6000 takes us to next support around 1.5980 then 1.5950-60. If the momentum continues then the bigger target of 1.5700-50 can not be ruled out.
GBPUSD Weekly 3 Oct
