HouTianTan
Short

GBPUSD Short Position by FX Strada

FX:GBPUSD   British Pound / U.S. Dollar
Hi everyone! It has been a long time since this page updated. With this, I shall provide a signal on GBPUSD             , which has been on a long decline, but it went for a correction recently. I believe that the Cable will continue with its decline, and thus decided to continue to short this pair.

The Cable was closed for the week at 1.6070, very close to the psychological support level of 1.6000. Upon opening of the markets, I'd recommend a short with a 40-pip stop loss to prevent a premature closure of position. A take profit at 1.5901 would be the target for this trade.

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