The GBPUSD has been setting higher lows for some time now. On the hourly chart we see the *potential* of buyers coming in to create another higher-low. Ideally, our stop would be below the previous low at 1.5630, however that does not give us a great risk/reward ratio. Instead we will assume that the wicks seen on ...
If the USD continues to correct (see Dollar Index charts below), the GBPUSD is an excellent place to capitalize on that weak USD