Noticed quite a few trade ideas published here recommending a short. GBPUSD
has been in a bullish trend
since June this year. The shorts are more likely a counter trend trade for corrections. I think the pair will push higher to 1.72 levels in 2014. RSI
is clearly in the bullish
zone with the low being made at 40 levels in early November.
For now, a correction to the bullish
rally would offer perhaps a good entry point to take on a long trade.