Maybe i'm right, maybe i'm wrong. But placing a pending order, with a tight stop and a good risk/reward ratio doesn't hurt. But again, its one's choice. So here goes.. Shorting around 1.55/1.56 with targets set to 1.464/1.441. You do the math. August will be interesting.... and even more, watch for economic indicators pointing to improved economic data in the UK... probably, we'll have Carney next time around coming out harshly dovish on the British Pound.