VERY IMPORTANT AREA FOR GBPUSD!

Sitting on 20+ year structure. Going long? I think not. If GBPUSD breaks and closes above 1.60, we're headed toward 1.70. However, odds are against breaking and closing above 1.59XX with ease. I'd rather go short GBPAUD since going short there is more clear of an opportunity. I'll be watching this closely...

Komen:

I believe we may have bottomed (1.435)

I am long from 1.415