GBPUSD Short from range top Short

British Pound/U.S. DollarFXCM

Description

⋅ Nov 24, 2013 4:40 PM

GU is at the top of its 8-week or so range providing nice potential to short downwards, perhaps all the way to the bottom at the fib 0.236 level some 300+ pips lower over the next couple of weeks.

If GU hits 1.6250 consider opening a short position.