British Pound Secular Shift Into Decline?

The jury is still out on this one, but the evidence continues to mount in favor of all the major currencies putting in major secular tops and the U.S. Dollar putting in a major secular bottom.

Nowhere is this theory more visible then in the British Pound, which is my favorite to trade anyway. The past 2 days especially have seen volatility increase dramatically, first to the upside, gather quickly to the downside.

Now certainly there is no guarantee as to which way it is going to break short term, what I am mainly concerned with is the price action on the whole and it really is starting to look like a break down is on the way.

A break of 202.14 would put me into the market on the short side as the pattern looks like if it does break that it will break fast and hard.

Take a look at the attached chart, it really has something to say!