GBPUSD UPDATE

A good study of the 30min and 15min shows that the GBPUSD is trading in a rising wedge. With a break below as seen in the chart, a short could be good at 1.6110 for 30-50pips. This will further be confirmed with the CCI diving below the over bought 100level. Stoploss should not be more than 60pips

Enjoy