WEEK REVIEW - GBPUSD - This is a Classic Short Move
GBPUSD has resumed the previous weeks end to the consolidation and heads down. The battle should be down at the 1.2800 area. One thing that might act as a surprise is that EVERYONE is SHORT so the squeeze could come and be a solid move. I think that we will possible venture to a new low and then a surprise of maybe 3 days up which then will bring back in the Short the Rally Crowd. By no means do I see anything that says this trend will change. Worst case it looks like the EURUSD and spends a year going nowhere.
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