Forex Positive
Short

GBPUSD: huge double bottom on daily chart

FX:GBPUSD   British Pound/U.S. Dollar
The blue rectangle represents a long-term resistance zone around 1.4810-20, which was set from March to July 2013             . This is the price zone for the double bottom formation which push GBPUSD             higher from 1. 4800             to 1.7200.

Look to short GBPUSD             if it rallies towards the blue area.

Short GBPUSD             1.4810-20
SL above 1.4850
TP 1.4500

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