My picks: Remain Short GBPUSD
Expertise: Global Macro, Classic Technical Analysis
Average Time Frame of Trades: 1 week - 6 months
I sold GBPUSD at 1.6274 as prices put in a clear Three Inside Down bearish reversal pattern. Positioning is little changed and will remain short, initially targeting 1.4990. A stop-loss will be activated on a daily close above the 06/03 wick high at 1.6667.
For detailed analysis of all the major currency pairs, please see my weekly technical outlook report.
