Noticed quite a few trade ideas published here recommending a short. GBPUSD has been in a bullish trend since June this year. The shorts are more likely a counter trend trade for corrections. I think the pair will push higher to 1.72 levels in 2014. RSI is clearly in the bullish zone with the low being made at 40 levels in early November.
For now, a correction to the bullish rally would offer perhaps a good entry point to take on a long trade.
For now, a correction to the bullish rally would offer perhaps a good entry point to take on a long trade.
