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Short

GBP/USD 1.4750 - Downside Target Projection

FX:GBPUSD   British Pound/U.S. Dollar
1117 1 21
GBPUSD             CATCHUP!

Hope Everybody had a great Xmas             ... Quite surprised with certain market
movement especially sterling.

Around a week ago my most recent GBP/USD             analysis was published.. A bearish sentiment coupled with a specified target projection at: 1.4750

As long as the price remains below major RES/ former Supp: 1.5000
then there are no specifics to take a long entry.

100 PIPS further (If target is achieved) I will then be stepping back to await P.A to signal a bounce or a break (lower).... maybe to the FIB extension 2.

Happy trading
Hit your target, great end to the year! hope to see more targets being hit in 2016!
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