[B]My picks:[/B] Remain Short GBPUSD
[B]Expertise:[/B] Global Macro, Classic Technical Analysis
[B]Average Time Frame of Trades:[/B] 1 week - 6 months
I sold GBPUSD at 1.6274 as prices put in a clear Three Inside Down bearish reversal pattern. Positioning is little changed and will remain short, initially targeting 1.4990. A stop-loss will be activated on a daily close above the 06/03 wick high at 1.6667.
For detailed analysis of all the major currency pairs, please see my weekly technical outlook report.