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the_one_that_got_away
May 9, 2014 8:13 PM

GBP/USD To Drop Further Before Trying for 1.70+? 

British Pound/U.S. DollarFXCM

Description

It has been supported nicely by 100D MA for the past few weeks and the bull drive has been menacing. I don't have any intentions of shorting this pair, specially now as it has wondered into no mans land.

If we can get lower into the 1.67s I will jump in and go long again. Next week should be interesting.

Have a good weekend folks.

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