GBPUSD Nov 04 to Nov 08 Outlook

Recap
The other easy play for the week. Failed to push above Y-0 and dropped straight down to Y-2 target mentioned last week. Consolidated around Y-2 and gave us a flush down to Y-4. Closed the week near week low and below Y-3.

Outlook
Tower reversal is rare but a very reliable price pattern across all major financial markets. At this point Cable likely has its weekly swing top in place.

Strong reaction to the drop is expected. A bounce to Y-2 is possible. Focus on short side only until bottoming price pattern develops.