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Jacksonian
May 4, 2016 4:16 AM

GBPUSD Pull Back Short

British Pound/U.S. DollarFXCM

Description

The USD is finally starting to show its strength for this week, and should continue to force this GBPUSD to go down. This pair dropped quite a bit below the emas even though they haven't crossed yet. This is doing what the AUDCAD did about a week ago. This pair should roll back up to catch its breath, and then drop. I expect it to run up to 1.4605, and then drop.
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