GBP/USD, September 3, 8am UK Time

It’s September NFP day and volume is down. That’s probably saying it all.We are in a pretty congested area around 1.5425 and so far Cable is reluctant to push higher making risk reward calculations difficult. If I don’t see more action, I will hold off until NFP or, alternatively, don’t take a trade at all.

GBP/USD, September 3, 8am UK Time