A week ago, we wrote about going long in British Pound in June. The favorable time for this trade starts in early June. The price action of GBP/US pair tells us that this trade is getting ripe for getting into soon. We will watch it closely and if the entry signals are generated then will send the alert.
We normally use four different entry/exit strategies to trade GBP/USD. Three of them will give entry signal today if the pair closes above yesterday’s close. Same goes for CurrencyShares British Pound ETF (FXB). We will go long FXB today if it closes above yesterday’s close.