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SuddenFX
Oct 2, 2016 2:59 PM

GBPUSD - Expecting some popups soon Short

British Pound/U.S. DollarFXCM

Description

As you can see we had a nice trade on GBPUSD a few days ago but downward price momentum is slowing. Eventually at some point we are going to need to trade the Brexit drop. I have mixed feelings on getting long or short but the overall bias on monthly and weekly remains down.

I don't plan to trade it long any time soon and will only be looking to short any run ups in the daily price unless price turns bullish on weekly charts.
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