Mihai_Iacob

GbpUsd- Correction to come?

Short
OANDA:GBPUSD   Livre sterling / Dollar américain
The trend for GbpUsd is clearly bullish with the pair trading in a channel from the beginning of the month.
With the pair reaching and even passing above 1.4 psychological figure, a correction is not out of the question and the pair could fall to channel's support
A risky trade can be selling rallies above 1.4 figure but a safer approach is to wait for correction and try to buy dips in 1.3850-1.3900 zone

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