GBPUSD Position Trades

Discussion in 'Forex' started by chumbucket, Sep 27, 2007.

  1. I have a key reversal level of the major trend for the pound at 2.0273. Price surged through here on 9/24 and supply took over and sent the pair down. We have returned to this level today. I am short out of 2.0273 with a current downside target of 1.8467. My risk is a daily close significantly above the highest swing high at 2.0365.

    I wonder if I am the only one short on the planet. I think we will see the USD strengthen into the end of the year, particularly against sterling. I will keep this updated.