GBPUSD: huge double bottom on daily chart

The blue rectangle represents a long-term resistance zone around 1.4810-20, which was set from March to July 2013. This is the price zone for the double bottom formation which push GBPUSD higher from 1.4800 to 1.7200.

Look to short GBPUSD if it rallies towards the blue area.

Short GBPUSD 1.4810-20
SL above 1.4850
TP 1.4500

=====
www.ForexPositive.com
Twitter @ForexPositive
=====