GBPUSD Jan 07 to Jan 11 Outlook

Recap
The slight weekly bias towards the upside gave cable a boost to Y+3. Then fiscal cliff deal changed everything sending cable back down to Y-2. Closed the week near week low and below Y-1.

Outlook
Cable hammered a short term high in place. As long as B-0 upto Y+2 stays as resistance cable should trade lower in coming weeks. Looking for swing trade opportunities to the downside.