GBPUSD

FAVORING SHORT TERM BUYS..

FOCUS OF THE WEEK: SELL INTO HIGHER TIME FRAME LEVELS TRAPPING BULLISH PRETENDERS TO HAMMER THE LONGS AND SMASH LOWER LEVEL LOWS.

SCENERIOS OUTLINED. WAIT FOR HIGHS TO BE TAKEN OUT AND FOLLOWING BREAKING LOWS TO CONFIRM BEARISH MOMENTUM.

IDEAL PRICE LEVELS: 1.25800, 1.27800

DOESN'T REJECT 1.25600 TURN TO LOOK FOR BUYS INSTEAD TO REACH 1.27800 BUT ULTIMATELY FAVORING THE SHORTS LONGER ISHTERM