GBPUSD Reaching highs..

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Here we have our GBPUSD chart.

We previously looked short on the pullback amid a longer term downtrend. This downtrend has lasted for a long time as the USD gains value over various Pairs. Remember you can always view this with the DXY as it represents a basket of currencies.

We are now touching on some light resistance and we can begin to get lightly short accordingly for intraday gains. When approaching areas of former price rejection we can look for falls in the day.

Note Price movement via the directional arrows.

Trade closed: target reached:

close out for profit.