Intra Day Trade Idea for GBPUSD Tuesday 01/25

Hi ,

Trade Ideas For 01-25

Trade Idea GBPUSD: Cable has traded in a 220 pip zone with a high of 6056 and a low of 5835, for the past week and a bit. On the upside 6056 is likely provide resistance again at least on first touch and should provide at least some scalping or intra day opportunities. If this breaks then we should also find decent offers in the 6110. Good resistance levels lie above this at 6170 and 6299. On the down side should find some initial support at 5911 and below that at 5877. We should also find bids around the bottom of its recent range at 5835. Remember to use your time lanes to hone in on more accurate entries.(See GBPUSD charts)

Safe trading

Paul Simpson

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