Some of the losing trades I've had recently have been from shorting GBP -- which in hindsight I see were clearly mistakes I should have avoided. Now, though, I think we are starting to see some signs of GBP reversing and heading back south.
Below is GBPCAD, which shows resistance being respected.
GBP/CAD" width="970" height="729">
We've seen a series of strong bearish candles on GBPAUD as well.
GBP/AUD" width="970" height="729">
GBP is a currency I'm interested in shorting. I think a move similar to what we saw in the Yen from October 2012 to March 2013 is probable within the next few years.
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