I opened a long cable trade in the Asia session .
Always tricky to trade GBPUSD before the London open. The gap from Friday wasn’t quite filled, which makes it all the more risky. There is talk of an impending inflation data correction in one of the UK newspapers which could spark some buying. I’m still a seller of rallies, yet i like to scalp intraday as you all know by now . Careful with this one as i am going against trend and also against my longer term view.
Intraday targets 1.3127 – 1.3160. ( My entry 1.3084 ) Longer term H1 chart below .
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