GU WEEKLY breakdown .Going into next week we want to see this strong bullish move to the upside finish off and begin to look for reversals around 1.31864.
EMas have potential cross at this level previously making it a very strong bearing play along the 1.31885-1.32000. 
any "noise" in this area will most likely trigger hard sells all across the board.
not to mention news for next week is medium- high impact mostly on USD .
Cheers and happy trading!
Gu
GBPUSD - WEEKLY OUTLOOKTECHNICAL POINTS:
Daily Fib
4hr Fib
Pennant
4hr resistance
4hr Inverse Head and Shoulders
4hr 800EMA
4hr 200EMA
Buy Confirmations:
Break of pennant, close above 38.2% Fib and neckline of Inv H&S. This would also close above the 4hr resistance and break the 200ema.
Sell Confirmations:
Break of previous lows, 61.8% fib and the daily ascending trendline forming the bottom of the pennant.
GBPUSD - WEEKLY OUTLOOKTechnical:
Weekly ascending trendline
Weekly orange fib
daily white fib
4hr grey resistance
daily red support
4hr descending channel
daily ascending structure Hh's Hl's
Buys:
Break of 4hr resistance
Break of 4hr descending channel
Target-weekly 61.8% fib
Sells:
Break of daily support
Break of daily 38.2% fib
 Further sells on break of weekly 38.2% fib and trendline!
GBP/USD shortso those of you that saw my analysis on GU last Sunday would have seen how the trades played out, caught 320 pips 3 played out and one break even. GU has now struggled to break above and below so we are still just corrective (forming a deeper bearish pattern) my bias is still short and will see how Sunday/Monday price action moves. still 150 pips to take in my eyes. 3:1 RR
Sterling gold at 1.24447 ? short this is my new girlfriend. she is on top Daily 200 and 100 ma. She is below the 9. She is at a .618 support level 1.26914. Her golden roads are 1.24447 or 1.28943. and then 1.43455. Golden bricks for miles. Brexit? Lockdown? Brits behave. Will Cable?
I will chase when pound makes run to the gold / 124447 first? then moonski to 1435skis?  
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 OANDA:GBPUSD















