gbpusd, waiting for a reason

2. Mai 2016

Currently bullish on the pair. But see short opportunity in process, not my style to take this trade but would love to see where price goes! I predict price poking through the trend line and finding support at s1 which happens to also be at the 0.61 retrace. CFTC report also indicates the majority is short on the gbp however there was a minor change from last week. Will see.