BallisticPips

GBP/USD MELT DOWN INTO 1.31080

Short
FX:GBPUSD   Sterlina / Dollaro
GBP/USD is grinding its speed to pick up and hit higher highs for better prices for future bearish momentum. Feds meet on Wed If they announce to accelerate its tapering to about 20 billion a month. Interest will slap GBP/USD like a fly. Tech Stocks as well, Gold, & perhaps a correction in the Dow as well.
Though, if 1.33000 is not a strong resistance,
then we could potentially see higher spikes into 1.33800.
Then, perhaps a drastic drop.
All in all, GBP/USD is still in an overall bearish term in the long run.

Until Then. Happy Holiday's Everyone !! Take care

Ballistic Pips.

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