Short Pound vs. Dollar

Seems like we tried to break out of the range and failed today at the top. And, interestingly enough, the 50% short held through the day. So, we should see the bottom of this range. Depends on where you get filled but, thinking a break of the 61.8% line on the upside would probably be a quick exit. So, look for 3:1 or 4:1 reward: risk ratio here.