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How do you like the GBPUSD for longs?

I like the way the GBPUSD is trading on both, short and long term charts. It’s clear that the market is trading in a bullish condition on the long term charts, but also has a very well defined range on the short term charts:

I’d like to see how it reacts to the bottom of the range, and if it forms a significant pattern with upward pressure, I’ll be going long.

What do you think about the GBPUSD?

Trade Safe!

Raul Lopez
Forex Coaching

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This entry was posted on Tuesday, January 24th, 2012 at 9:14 am and is filed under Technical. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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