British pound continues lower into projected reversal swing date. [chart]

Currently short from1.6720 –last price @ 1.6439 – The BP rebounded slightly after Friday’s meltdown. However, the cycle is still bearish, so I look for the downward pressure to resume on Tuesday or Wednesday. The market could try to trade higher into the December 9^th reversal swing date, but that would set up another selling opportunity.  For now, hold the short position, with the stop loss at 1.6695.

December British pound