Objective Forex: Thursday GBPUSD Short

Thursday, August 20, 2015

Thursday GBPUSD Short

Welcome back, we have a new play today. Our long USDJPY play ended up collapsing, it traded sideways for a few days barely breaking positive until it ultimately collapsed from impatient traders, data and tensions.

We're moving on with a rare short on the GBPUSD pair, showing great negative weakness. Take a look at the image for some of our analysis. 

SHORT GBPUSD at 1.57


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