Surefyre

Surefyre

Hopefully self explanatory.

Surefyre

Just saying...

Surefyre

Measure moves indicate a possible short to around 1.5840 on Cable

Surefyre

GBPUSD short term sell opportunity to around 1.5950 before the pair rises again to retest the daily EMA200 and Weekly downchannel breakout, continuing on to 1.6381 resistance from Jan 1st

Surefyre

Taking the dip to 1.6 to be a retracement on the previous three candles (with still maybe 30-50pips yet to fall if no bounce off 1.6) the upper downchannel resistance is likely to be retested this week providing ~150pips opportunity with resistance following a breakout of the channel lying at ~1.634 providing the possibility of another ~200pips.