I wouldn't be shorting right now. I can see this thing going to at least 1.4300
It probably wouldn't get there today, but early next week isn't out of the realm of possibilities. We're still in a downward channel that is either going to result in a big bull flag or a complete break-down. Regardless, it doesn't seem like we're ready for another big leg down yet.
I've bot some GBP/USD longs from 1.6250, but that's it for now. Good luck all and have a good weekend.
Joined Jul 2011
Status: Market Junkie
in theory, the USD should be going higher today on back of better jobs data. Comparing that to the Euro and the Eurozone which gets worse and worse everyday... This is the opposite of what it was use to be.