Based on the direction of the daily charts,it seems like gbpusd is going to trade lower in the long term. In the coming few days however, i believe it will maintain and trade around 1.37~1.38 even on the shorter term. I believe that we can wait for it to hit the close to 1.38 and place a short position as it goes with the long term trend.
All these are just my rookie thoughts. What do you guys think?
All these are just my rookie thoughts. What do you guys think?