GBPUSD – September 16th

The GBPUSD rallied quite a bit and it was a nice long for those who rode it out, but I think we are in for a correction of maybe 250 to 300 pips before we take out the 1.6000 level not seen since early 2013. I am taking my shorts right around current levels and for a chart you could also check out Paxforex GBPUSD Rising Wedge analysis. I think this is a good short an in my books at 1.5950 for now.