Current and pending trades:

I entered short GBPUSD at 1.51922 just below near term resistance with the expectation the down trend will continue. This is based on 4 HR chart Fib values. Price has respected the 50% Fib so the probabale scenario is to go short in the interim time frame.

British pound gained overnight against YEN, and considering overall bullish outlook showing against Swiss Frank, I have entered a conditional entry to go long around 1.5265 area. This is in line with my trading strategies of entering trades in between 32.8% and 61.8% Fib range.

In addition I am staying long USD against CAD.

Best Regards

KusumFX
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