I’m currently looking for short opportunities on the GBPUSD, last week it was trading in a clear bearish condition, and this week it still is trading in a bearish condition. I like everything about the GBPUSD, its long term charts (clearly bearish) on the short term charts it is trading below every important level, etc. Here are the ST charts:

What I like the most about the pound-dollar is that it is about 300 pips away from its next LT support level, giving me plenty of time to look for my short trade.

Trade Safe!

Have a great week ahead!

Raul Lopez
Forex Training