Forex Positive

GBPUSD shorting the rallies

FX:GBPUSD   British Pound/U.S. Dollar
Possible resistance zone in GBPUSD             around 1.5330-40. This price zone coincides with the 38.2% FIB retracement level. Enter short around here if GBPUSD             rallies to test this red zone.

Short GBPUSD             1.5330-40
SL above 1.5400
TP1 1.5130
TP2 1.5000
hummm
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i have different view. gbpjpy say more weakness to cable early next week valid with price unable to break 1.5260s. Struture pretty similar with begin of the year.
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Can offer little more information. Harmonic pattern suggest more weakness to cable before huge squezze. Harmonic is a 5-0 so bottom should happen between 200% and 224% extension with price below 1.50 think will bottom at 1.4940(+-30) next huge squeeze trg should be 1.5280s
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