A nice rally for GBPUSD last friday, for a 200+ pips. For 1st August, it will be more on the neutral side. Refer to attached chart, we can plan our trades based on it.
For ichimoku system, we can see opportunity for buy, main reason for H1 bullish position, while entry must be confirm from smaller Timeframes. If for today GBP manufacturing release is more on the downside, your SL will be reached.
We can see some movement later on in London session, for GBP Manufacturing PMI news. I suggest no entry for today. But news trader, you might wanna try your best shot for today, try 50pips tp on all ur pending stops on GBP.
Good luck then.
By Radin Hisyamuddin - SFXT - More analysis by requesting to me by email at radinfx@gmail.com