[B]My picks:[/B] exit any GBPUSD positions
[B]Expertise:[/B] Technical
[B]Average Time Frame of Trades:[/B]
Cable is confounding right as the pair still has the head and shoulders top ‘look’. Structure is not clear near term. The only statement that I can make with a high degree of certainty is that the rally from 1.35 is a larger 4th wave (corrective) and that it is highly probable that 1.3500 will be broken later this year. Staying above 1.4513 keeps the short term trend pointed higher and there is potential short term support at 1.4680.