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GBPUSD: huge double bottom on daily chart

Short
British Pound / U.S. Dollar (FX:GBPUSD)  
Forex_Positive  
FX:GBPUSD   British Pound / U.S. Dollar
USD (US Dollar) trading Forex forexpositive forexsignals Double Bottom Support and Resistance
2
0
usd-us-dollar trading forex forexpositive forexsignals doublebottom supportandresistance
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

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