Tordecilla

Further downside on the horizon?

FX:GBPUSD   Pound Sterling/U.S. Dollar
45 0 2
BOE dovish, Fed hawkish and with a rate hike back on for December, the old lady will most likely tumble further.

We should go into consolidation mode today before resuming the down trend. Market will most likely test the 1.5100/1.5200 levels first.
Comment: High of 1.5145 reached
Comment: High of 1.5186 reached - price action behaving as predicted.
Comment: 1.5194 hit. Will consider entering a short, will wait to see what happens at the London FIX time.
Comment: Entered Short at 1.52.40 with stops at 1.5300 - TG area 1.5000 then 1.4800

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