Exited GBP/USD Short
June 16, 2010 1 Comment
Yesterday, I provided an early, early, early, really early…probably too early short (sell) recommendation.
I have closed my short trade for now and am sitting on the sideline. I thought I had a particular longer-term (multi-day) short signal, but read it incorrectly yesterday. Having said that, the current status of the GBP/USD STILL looks VERY WEAK in moving up any further; however, I do not have a multi-day short signal yet.
Happy trading,
LattePIPs
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Therefore, at this point, we’re still targeting 1.4915. The GBP/USD price is currently at 1.4845.