FX.co ★ TST as the Foundation for Medium-term Trading

GBPUSD The pound seemed to take a break yesterday, but also not really. Because no matter how you look at it, more than 90 pips were made in different directions during the day. On the other hand, compared to previous days, it seemed like it was resting yesterday. Today, just like with the euro, we opened in the lower half of the daily range, right at the very bottom. Currently, everything is happening downwards during the Asian session. There are no news releases regarding the pound today like with the euro, so during the European session, a more sideways movement is possible, while during the American session, there might be more action. Today's key level will be yesterday's high - if the price manages to break above it, we might see another high. If not, the price might drop below the daily range. If the US data comes out as expected, the price might still jump a bit.