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Short

GBPUSD- Bearish Rest Of Year!!

FX:GBPUSD   British Pound/U.S. Dollar
143 0 7
Per GBPUSD             1 W chart this pair has been in a bearish downtrend for last 2 YEARS. Also, noted Major Elliott impulse wave (12345). Pair completed all waves, except last 4-5 wave downwards. This 4-5 wave, in my opinion will break down into its own smaller Elliott impulse wave (12345) for rest of 2016.

To left , in February of this year (2016) GBPUSD             pair came down to a HISTORICAL support level (1.38354) of this pair, both on weekly and monthly chart. This pair will test this support area once again, before end of year- making a double bottom to start pair being Bullish next year in 2017. This is a weekly chart, so price action will give you big picture, but details and technical s will give you pieces of puzzle for you to trade successfully.

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