New Trade Entered

Sterling has fallen off from a recent high of 1.7920 reached two weeks ago, now trading at only 1.7420. I just entered a long position at 1.7424 this morning after my H4 chart analysis. The current support should hold at 1.7380-1.7400. Look for a price push-up before the week ends.


Updated (Feb 10): Position closed at 1.7470 for a 46-pips profit.