Sterling Play | Vantage FX

Sterling Play

May 10, 2016


With some major UK data scheduled over the next couple of days , Sterling is at a crossroads and getting squeezed with a break either side imminent.

Should it break into the Blue Zone , would consider going long on a retest of the upward trendline.

Conversely , a break into the redzone particularly below 1.43700 and the scenario turns bearish.

Both scenarios offer good risk reward and the countdown is on.

GBP/USD 4 Hour:


Click on chart to see a larger view.

Do you see opportunity trading Forex post NFP with Vantage FX? Take advantage on your own instant $50,000 Forex demo account.

Arthur Drakopoulos – @VantageFX

Risk Disclosure: In addition to the website disclaimer below, the material on this page prepared by Forex Broker Vantage FX Pty Ltd does not contain a record of our prices, spreads or solicitation to trade. All opinions, news, research, prices or other information is provided as general news and marketing communication – not as investment advice. Consequently any person acting on it does so entirely at their own risk. The experts writers express their personal opinions and will not assume any responsibility whatsoever for the actions of the reader. We always aim for maximum accuracy and timeliness, Australian Forex Broker Vantage FX shall not be liable for any loss or damage, consequential or otherwise, which may arise from the use or reliance on this service and its content, inaccurate information or typos. No representation is being made that any results discussed within the report will be achieved, and past performance is not indicative of future performance.




Fast & Easy Account Opening Start Now!

  • Please enter a valid data!

  • Please enter a valid data!

  • Please enter a valid data!

  • Please enter a valid data!

  • Please enter a valid data!
Forex Promotions

Open a live account today to gain exclusive access to our 8 Forex Promotions. 

Find out more.