FX:GBPUSD British Pound/U.S. Dollar
GBPUSD has resumed the previous weeks end to the consolidation and heads down. The battle should be down at the 1.2800 area. One thing that might act as a surprise is that EVERYONE is SHORT so the squeeze could come and be a solid move. I think that we will possible venture to a new low and then a surprise of maybe 3 days up which then will bring back in the Short the Rally Crowd. By no means do I see anything that says this trend will change. Worst case it looks like the EURUSD and spends a year going nowhere.