ChadBilon
Short

GBPUSD Potential Bearish Set-up

FX:GBPUSD   British Pound/U.S. Dollar
Last weeks BOE statement resulted in a aggressive sell off. Unemplyment Rate fell to 5.3% resulting in slugish move to the upside. Claimant Count and the Earning report fell below estimates. The lack of momentum gives a sense of conviction that this resistance zone will provide a nice area for a sell.