*Position Update: As of 02/18/2015 @ 6:51 EST The Global Currency Scalper liquidated its position in GBP/USD with a gain of 71.1 Pips.
*Signal Update: As of 02/17/2015 @ 7:59 EST The Global Currency Scalper is keeping the same analysis and placing the orders listed below on GBP/USD.
*Signal Update: As of 02/13/2015 @ 7:11 EST The Global Currency Scalper has cancelled its order on this pair ahead of the weekend and any possible news from Greece. We will reevaluate on Sunday evening.
As of 02/13/2015 @ 1:12 EST:
We have identified a possible long trade in GBP/USD. The Pound looks set to continue higher against the US Dollar having taken out resistance at the top of a falling channel since September of last year. A daily close above the 38.2% Fibonacci level of 1.55450 exposes the 50% level at 1.57340.
The Global Currency Scalper will be going long the GBP/USD on a pullback to 1.53580, targets will be 1.54780 then 1.55450 and eventually 1.57340. We will place a stop with a break of 1.51900.
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