jamison_fx

GBPUSD POSSIBLE SHORT TRADE PENDING

Short
FX:GBPUSD   British Pound / U.S. Dollar
We have seen some fast sell offs on USD pairs on the back of some US dollar strength, but will this continue? Remember that these pairs GBPUSD AUDUSD EURUSD ect are still in longer term up trends as the last lower highs still haven't been taken out. I am looking for a slow down in price and on these pairs GBPUSD in particular if price can push up to the red highlighted area I may look at possible short trades. Remember price is never going to hit and level then straight away fall, allow a bit of manipulation and consolidation around these major levels.

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