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Matrik888

GBP/USD Weakness to continue.

Short
British Pound / U.S. Dollar (FX:GBPUSD)  
Matrik888 Updated   
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis
5
1
trendanalysis
Wait for a pullback to 1.2560 to short to 1.2360. Over 80% of retail trades are long so this is a contrarian signal against retail crowd.
Comment:
Stop limit can be now moved to break even and we can let the position run down to 1.2360-1.2380 mark
Comment:
Target 1.2360-1.2380 almost reached. I will close the position before CPI number is publish tomorrow morning. Stop limit can be moved to 1.2515
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