If you want to bet against the sterling, I believe the decline may be even more pronounced, if you do that in a pair with the franc. I mean, if the pound is to fall, it'll probably do that better against the CHF than the JPY. Just my opinion.
for now, i think that sterling its going stronger in the upcoming season, here exactly to 168.80, neckline retest, 0,5 fibo from 22/1/14, then fall to 2009 hights, its above 600pips :)..chf pair is looking like wedge for me, so, tomorrow i expect to 1,4800 and down to 1,4570-1.4600 and then i see a bigger correction there. i can be wrong but i see it that way, so i am out for now from all gbp pairs, and waiting..
Yes, it does. I agree. That's exactly what I expect to see. But I have seen so many pattern failures that I always act with caution. ;-) I've got and read Bulkovski's book, but thank you for that link.