GBPUSD (british pound FX cross to USD) looks like it found its resistance area. Situation looks for possible further declines in GBP and that every rally to 1.66 area and above could be used as good short selling opportunity.

This idea can be traded by FX (as I do in my fund) or by Currency ETF FXB.

This entry was posted on Saturday, September 19th, 2009 at 12:44 pm and is filed under ETF analysis, ETF trade setup, Forex. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.