Petr Suchanek
Short

GBPUSD outlook for shorts

FX:GBPUSD   British Pound/U.S. Dollar
265 7 4
Based on my unconventional trading methodology I am closely watching GB             and waiting for a false break of recent high, which might be a very nice opportunity to go short.

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OK, we are just around the ideal entry level. I am taking a short now, because I expect a retest of 61.8 level and then a quick fall. Let us see, what unfolds.
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I agree with the direction, but I think we could see 1.6060-65, before the resumption of selling.
I'm watching 1.6065, being today's R2 and last week weekly value high, and 100sma 4H,
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good luck with that short as bulls may be running wild in this scenario http://i.imgur.com/HHXlpTj.png
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Very good analysis here. I am also bearish about Cable
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It looks like my analysis worked out very well :-). Good job for everyone who took short here.
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