Exit GBP/USD long positions for now

June 15, 2010 1 Comment

I wrote here that I was a little concerned about the strength of the GBP/USD movement up.

I recommend exiting your GBP/USD long positions for now and potentially enter a short position. (If you enter a short position, try to enter at a key level of resistance.) The GBP/USD is currently at the 1.4800 area.

I’ll write more later when I have more time.

Filed under GBP/USD, Trade Recommendations

One Response to Exit GBP/USD long positions for now

  1. Pingback: Ok…so I was correct after all « LattePIPs

Leave a Reply

Fill in your details below or click an icon to log in:

Gravatar
WordPress.com Logo

You are commenting using your WordPress.com account. ( Log Out / Change )

Twitter picture

You are commenting using your Twitter account. ( Log Out / Change )

Facebook photo

You are commenting using your Facebook account. ( Log Out / Change )

Cancel

Connecting to %s

Follow

Get every new post delivered to your Inbox.