SAXO:GBPUSD   British Pound / U.S. Dollar
Trend Down no doubt
MA200 pints Down
GBP recovered but to set up the stage for another round of selling
GBP hit a resistance @ 1.24 Area for anyone who wants part of the second selling round to short in this area with a stop around 1.25
No new sell signal yet
anticipating a sell signal (HP) around 1.2 when that is reached a title wave will hit GBP we are looking for a target of 1.06-1.08 area
best wishes
Nidal Alzubaidi


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