GBP/USD trading

I'm seeing resist to this latest run up @ about 1.965 (conincides with 2/17 high).

Anyone preparing a short back down to support?
 
Quote from sam0182:

I'm seeing resist to this latest run up @ about 1.965 (conincides with 2/17 high).

Anyone preparing a short back down to support?
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I'm in short, although not back down to support. Resistance looks tough and RSI divergence is confirming the trend. I hate to take Friday positions but I just had to.
 
Quote from JWathen:

I'm in short, although not back down to support. Resistance looks tough and RSI divergence is confirming the trend. I hate to take Friday positions but I just had to.
More...

Yeah...yesterday I was seeing a descending triangle but it blew though the 1.965 "resist" to just above 1.97 (2/14 high). Looks like a decent short w/a tight s/l in fear of long break out. Friday does hinder things though...will be watching.
 
Quote from cashmoney69:

I had a strong feeling this was going to happen!... I hope you guys covered your shorts. Im long now from 9733.
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This is what I want to do but I just haven't seen the big push above 97 like I would have thought. Maybe too much resistance? It looks more like a triple top than anything else. Even with fundies on the side of the GBP, no push yet...watching for now.

Let me know how you make out.
 
Quote from sam0182:

This is what I want to do but I just haven't seen the big push above 97 like I would have thought. Maybe too much resistance? It looks more like a triple top than anything else. Even with fundies on the side of the GBP, no push yet...watching for now.

Let me know how you make out.
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Well...the push came :) Congrats to those who were on the right side of it.
 
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