GBPUSD Weekly Analysis

Following on last week’s analysis, the pound indeed did break the 1.33654 zone we were watching headed to the top of the channel. From a fundamental perspective we’re looking at a very slow week heading on to the new year. If anything, we’re looking at an extensive week of bank holidays from 31st Dec all the way to 3rd January in observance of New Year’s day.

First half of the week has been relatively slow, but I’m looking to pick up some long positions on retest. I will definitely keep you posted on how that works out. What are you looking at?