I like the way the GBPUSD is trading on both, short and long term charts. It’s clear that the market is trading in a bullish condition on the long term charts, but also has a very well defined range on the short term charts:

I’d like to see how it reacts to the bottom of the range, and if it forms a significant pattern with upward pressure, I’ll be going long.

What do you think about the GBPUSD?

Trade Safe!

Raul Lopez
Forex Coaching