Gbp Usd is Looking Tired

Hello traders I hope you all had a great weekend. This is Casey here and I have a good piece of trading info for you all today.

The 4hr Chart on the Gpb/Usd has been sitting at a key resistance level for the past 4 bars. If this level holds at the 1.6100 we could see the price begin to drop with possible future targets 0f 1.5900 and 1.5850. The next strong support level for this pair is at 1.5900. There are also strong support levels at 1.5800 and 1.5650

Watch the video below for a more complete description. You can also follow me on Twitter to get more forex Updates. I would love to hear your questions or comments about this trade.

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Casey Stubbs is the founder of Winners Edge Trading, which is one of the most widely read forex sites on the web. Winners Edge Trading has trained thousands of people to trade the Forex markets.

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  • You should have read this when it came out I made about 100 pips on that trade

  • Bernbeach

    Who was looking tired with Pound trading @almost 163??????????????

  • Ardy

    Thats a great call Casey. I made some pips too on that trade but before I saw your video here. I too was looking at the pair using the 4 hour time frame. Now, I find the pair a bit tricky to predict but I think after this week, we will be able to see better where the pair is going to head.

  • Patyap33

    I came back to say thank you. I ve made 50pips .

  • Anonymous

    thank you always
    will eur/usd follow suit?

  • shallom

    thank you as always