GBP/USD Is On the Top

The currency pair GBP/USD has started shooting up last week and reached 2.0207 yesterday, a new high of since 1992. About two months ago, it has also been shooting up but ended at 2.0133. Some speculators said it will take some time before it will reach that point again.

This just goes to show that forex is really-fickle minded. To some, it is a gambling way of life but many are attracted to it because of the excitement and the chance to earn more than the usual earnings of a regular employee.

Well, I guess I should spend more time practicing my trades when I have time. I may not be able to accurately predict the point of the next target but with practice, I may minimize my losses.


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