Long GBPUSD @ 1.5359, SL 5325

1.23 bst

All attention is focussed on the yen and euro pairs which makes GBP a safe pair to trade. It has also generated a good long signal at a very tight stop, so I am long as follows:

Long $60/pip GBPUSD at 1.5359, SL at 1.5325, just below today’s lows.

The yen pairs also look attractive to go long at these levels – 129.00 and 98.60, but my rules have not indicated a long so I will stay out for now. I fear the yen pairs will re-test Friday’s lows later today or tomorrow.

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