Surefyre
Short

GBPUSD Short-term sell to ~1.5950

FX:GBPUSD   British Pound/U.S. Dollar
187 3 1
GBPUSD             short term sell opportunity to around 1.5950 before the pair rises again to retest the daily EMA200 and Weekly downchannel breakout, continuing on to 1.6381 resistance from Jan 1st
Additional: Expect resistance from 1.6161 breakdown price from double top - maybe some reversal pips to be made, then a likely continuation to 1.6259 double top high to retest the weekly downchannel breakout which has a good chance of seeing 1.6341/81 as next large resistance if breakout succeeds.
Reply