Hello traders good to be back as we look at another currency pair that is very interesting. This pair has been bullish for some time and now has decided to make a correction for several days. I feel this is due to the dollar strength and the GBP weakness at times. Ok so let us take a look at today’s set up with GBPUSD- This is the 1 hour chart. I have placed a Fibonacci tool on this chart as this pair is now bearish could be correction. I would like to see a 50% pullback and a bearish candle with an entry at about 1.5429. We would like to see us take profit at the at price level 1.5352. This looks like this is all dollar strength after the FOMC stated interest can still go up before the end of the year. Thanks Again and Talk Soon…. William
