Trader_97
Short

POUND/DOLLAR FAILING TO BREAK ABOVE 1.5260-74 AREA !

FX_IDC:GBPUSD   BRITISH POUND / U.S. DOLLAR
20 0 1
FOR THE PAST COUPLE OF DAYS POUND/DOLLAR             MADE FEW ATTEMPTS TO ADVANCE HIGHER BUT IS FAILING TO BREAK ABOVE THE 50% FIB RETRACEMENT LEVEL @ 1.5268.IF PRICE CONTINUES TO STALL AROUND THE AREA THAT MAY BE A SIGN FOR A POSSIBLE TOP FORMATION AND BEARS MAY JUMP IN THEREAFTER.IN CASE OF A BREAK ABOVE THE 50% RETRACEMENT AREA.WE COULD LOOK TO SHORT AGAIN AROUND THE 61.8% AREA..
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