Will the GBP decline again'st USD?

[VSATrader]

This does look weak, but strength in background, tempted to short on the cole of this bar if the conditions are meet. That bit of strength could be menacing

 

[Roberto]

I don't know. My medium-termist way of thinking is that the dollar may regroup and strengthen a little before declining quite a lot further. But to my short-termist way of trading, GBP/USD, EUR/GBP and EUR/USD are all stuck in trading ranges at the moment, and I can do no more than await developments with interest and fill in a bit of time by trading the Dow again (currently short from 10848 and awaiting a reasonable but apparently elusive opportunity to move my stop-loss to break-even).

 

[VSATrader]

GBP moving up again'st dollar

I managed to squeeze some pips to the short side before the pound rebounded, so now the market is moving towards breaking out of it's upper trend.

I am now looking for a trigger to go long and try to take a few pips before the new year.

Best wishes to you all.

VSATrader