FX:GBPUSD British Pound/U.S. Dollar
GBPUSD is moving up into the Daily -OB, and I am looking to go short between the 79% retracement level and the Daily -OB Equilibrium at 1.57. This figure also happens to be the 50% (equilibrium) for the 4H -OB. On the back of dovish comments by Harney, suggesting that a hike for the pound is coming no time soon, I believe this will make for a great medium-term short - with my initial profit target set at 1.51, where it will seek to clear out stops from the clean lows that have been set.