GBPUSD - squeeze time? Short

British Pound/U.S. DollarFXCM

Description

⋅ Dec 3, 2014 3:08 PM

I see a falling wedge setting up on the GBPUSD with pivots above and 1.6000 acting as near-term major resistance. If price rallies above 5775 I'm buying targeting the 6000 area. We may be triggered this week with soft or disappointing NFP #'s.

@capulver2