the_one_that_got_away

GBP/USD To Drop Further Before Trying for 1.70+?

FX:GBPUSD   British Pound / U.S. Dollar
1
It has been supported nicely by 100D MA for the past few weeks and the bull drive has been menacing. I don't have any intentions of shorting this pair, specially now as it has wondered into no mans land.

If we can get lower into the 1.67s I will jump in and go long again. Next week should be interesting.

Have a good weekend folks.


Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.