mikestockmarket

Weak Pound - Weekly Chart, Don't Panic!

Short
FX:GBPUSD   British Pound / U.S. Dollar
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1
The Pound is weak, but look how previously it has held that original 50% fib level @ 1.52742.

I'll be keeping one eye on this larger time frame. Hopefully we will see a nice bounce before xmas or the winter may be a very dark and cold one for those of us here in the UK.

Comments

I am still in this....
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Couldn't resist I got short @ 1.59908 stop at 1.62188
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Agreed.
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