By: Doug Rosen
The GBP/USD looks a bit bullish. It has recently made a double bottom and is trying to head up.
On the 4 hour time frame price is heading to the 55 ema which is about where I would expect price to head down to. 1.5566 looks like a decent area to enter shorts.
On the hourly time frame price has reached the 144 ema and has poked it twice with rejection. I expect price to head back up again but I am sure it will drop the moment it touches 1.5545 On the hourly time frame price has come up to the 55 ema so let's see what happens in this zone. I expect price to drop when it touches the 55 ema.
Finally, on the 15 minute time frame price is making a series of higher highs and lows but price looks like its not going too much higher and may soon just start heading down.
