Huge downside potential British Pound/US DollarFX:GBPUSDarmanitrades-mhcLast week we went from sideways to now back into bear mode. Now that the market is sustaining below our geometric level of 1.32799, it is safe to consider my next support level down at the 1.28 area. I am a seller at 1.32350 with a stop at 1.326 with a target at 1.28. In the case of getting stopped out my alternative will be at 1.326 with a stop at 1.328 with the same target.... Cheers! Every single effect has an adequate cause. - W.D. Gann