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Previous suppport now acting as resistance
GBPUSD
, 240
Short
GBPUSD: Previous suppport now acting as resistance

Reasons for short around the 1.284 mark: 4h trend line forming 50% fib (29.167 to 27.74) at 28.45 23.6% fib (30.59 to 27.74) at 28.42 Also remember previous support, which was around 61.8% fib level (25.896 to 32.681) at 28.48

I´m short until 61.8% fib!
GBPUSD
, D
Short
GBPUSD: I´m short until 61.8% fib!

Nice downtrend should bring us to 61.8% IMHO where we should also get some nice support from trendlines.

In for the drop at 1.294
GBPUSD
, 240
Short
GBPUSD: In for the drop at 1.294

Two trend lines meet at exactly 61.8% fib. Nice. Targeting at least previous resistance, previous trend line and 50% retracement at around 1.258

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