The Pound may be setting up for a strong short squeeze and move higher


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.