GBPUSD Market Direction 07-06-23

Today’s Cable direction update,

Morning Traders,

Still looking for longs on Cable as DXY will remain bearish for me.
As we see GU is ranging at the moment, because we didn’t break any high or low. Which makes the low w’re trading from a weak low for me.
Hope to see that low get broken and then aims for new highs.

We still have some big option orders which will expire this Thursday:
- 1.2200 (418m)
- 1.2475 (615m)
- 1.2550 (610m)
- 1.2690 (317m)
Keep those in mind!