Currency Pair : GBPUSD
Current Price : 1.2974
Status : On watch for continued short squeeze
The Pound has been on the radar for a while as we saw the potential for sellers to get squeezed out of the market as price headed higher. The price action has played out nicely giving some great opportunities along the way. We still see that the sellers outweigh the buyers so there is fuel for a continued move higher. We are now watching for a higher low to hold above 1.2890 followed by continuation higher.
Previous FX Review