GBPUSD Short Opportunity for the Week of 18FEB to 22FEB

We believe that the GBPUSD is setting up for a very nice SHORT opportunity early next week. All indicators and analysis suggests that the current patterns will continue, and that we should see Fibonacci extension fulfillment line up with support and resistance from previous price levels. Additionally, there are multiple market-moving fundamental announcements coming up next week that should drive the price in a predictable direction. We believe the market will be a very obvious SHORT, but we will still be watching the pair closely after the weekend gap. NOTE: Look for the market to be choppy as investors HESITATE in anticipation of the upcoming fundamental news announcements.