Learn to trade by following my own personal trading blog. GBP has cooled off a bit after its sharp run up, thanks in part to comments from the Bank of England that suggested a preference for a weakening currency. Technically, the situation looks to me like an opportunity to buy a dip within an uptrend. Indeed, I already have one GBPCHF order placed with this in mind, and after examining GBPNZD, I may be adding a position here as well. This also matches other short NZD orders I’ve placed recently as well, and thus reinforces that viewpoint. The chart below illustrates the situation I’m keeping an eye on. I haven’t placed any orders yet, but would like to see price test approximately 9575, and would like to see signs of bulls defending that level. If those two factors can occur, I’d add some orders to go long.