Gbp/Usd Big Picture for the week ahead

The last 5 trading days we saw our Cable pair move in an average range of 116pips.  Breaking out of our 68-70pip range from last week and making a solid move to the downside.  We finished the week at 580pips of movement making the Gbp/Usd a good choice to trade among many investors. 

Once we broke the 1.60 level the Gbp has really begun its move down and there's no telling where this is going to go now that we've also broke the 1.5800 level.

Following the 200 day moving average has provided some key resistance even for today with a nice bounce off the 1.5844 level to the downside and some strong selling too.  This is setting up to be some nice shorts on the pair if we can stay below the 200 day SMA and continue down.   Have a great week!