Sterling Short

For this week, I'll be looking to short the GBPUSD pair as I believe the technicals are lining up for it. This trade probably won't happen on Monday due to the holidays of several markets including both London and the US.

Here's the chart I'm looking at: http://www.myfxbook.com/files/ajrchua/charts/GBPUSD_D1_F8a2F34sbQ.png

It looks much better in Global Prime but the technicals are still there. THe CCI is showing a divergence and has broken dwon from it's 100 point level. MACD histogram shows a divergence and the soon there will be a cross to the downside.

First support will be the 20 EMA and if it breaches, I'll short to the 60 EMA level for a potential 100 pip gain.