The GBPUSD is squeezing out the sellers and still has more to go


Currency Pair : GBPUSD

Current Price : 1.3094

Status : On watch for further short squeeze

The Pound is playing out well with the short squeeze pushing the FX pair over 200 pips higher since the previous alert. We see that the move still has further to go as sellers are still stacked up and ready to be forced out on a rally. We are now watching for a test up to 1.3481 and then we be watching closely to see how price reacts.


Previous Alert 11/7/17

Currency Pair : GBPUSD

Current Price : 1.2872

Status : On watch for short squeeze

The Pound has stacked up the sellers and looks ripe for a short squeeze and move higher. We are bias up on this FX pair as we see the potential price structure set to squeeze out the sellers that have built up over the last few weeks. Looking now to the lower timeframe charts for a potential buy entry setup.