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