Hi! Just thought I’d share to you guys my idea on GBP/USD. It seems like the pair is ranging between 1.6300 and 1.6250 with the pair forming what looks like a triple bottom at the support area. Hmmm, I don’t want to pick a side now. I would rather wait for a break above yesterday’s high or below yesterday’s low before deciding whether to go long or short.
I was in on the breakout but the news scared me and got out at the wrong time. Currently I am short on this pair. On a daily chart it has hit the top trendline and I am expecting it to go down. It has broke the line a little bit so I am watching it closely.
