Pound on Expanded QE short

A suggestion for further price erosion of pound ( as BOE bumps up QE) , with a consideration of fibonacci's.

Overlying resistance on the intraday chart see a confluence of MAV's and Horizontal resistance.

Consider

1. Enter short = 1.2495 ( Retest for resistance)

2. Stop - above recent consolidation = 1.2595 ( 100 pips)

3. Target - 3 shown corresponding to Fib extensions

RR = average to 2.5+ .....