GBPUSD the bulls are in but for how long?

British Pound / U.S. Dollar (FX:GBPUSD)

Updated

FX:GBPUSD British Pound / U.S. Dollar

GBPUSD cable

gbpusd cable

For a few weeks now we have seen cable on a bullish streak, after a very very long downtrend. I am bullish on this pair but it may be in a rocky channel. i will wait to see how price reacts at 1.28000 if price breaks and all goes to plan i would collect profit at 1.29500. For now i will wait. If price reverses early i see price going to 1.26500.

Comment:

Just entered a short right now!

Comment:

I don't see price breaking 1.27700 anytime soon. so short

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