Hello traders and good to be back with you as today we take a look at the GBPUSD. Traders this pair has made a move to the upside in the US session and we are bis bearish. All I am looking for is a sell trade and the chart looks good for that. OK as we look we can see that price is now as I write this above the 1.2500 level and has not closed yet. I am looking to sell this with a bearish candle formation at the price of 1.2495. I am placing my stop at the 1.2515 price level and looking to take profit at the support level of 1.2430 for a nice 50 pip trade today. We are posting this in Asia and we could possibly get this trade off before the London open.
Thank you traders and we will talk soon….William