Based on the direction of the daily charts,it seems like gbpusd is going to trade lower in the long term. In the coming few days however, i believe it will maintain and trade around 1.37~1.38 even on the shorter term. I believe that we can wait for it to hit the close to 1.38 and place a short position as it goes with the long term trend.
All these are just my rookie thoughts. What do you guys think?