One last shimmer of hope for a bullish retracement next week. If price closes or remains above the 1.3300/05 level by the end of this week, there might yet be a chance of a bullish correction next week.
Fundamentally speaking there is no question that GBP/USD will head lower, from a technical perspective a retracement to at least the 1.3500 would be required to enter further short trades.
Trade long (RvR ratio 2:22) Entry: Close above 1.3331 (point B) S/L: 1.3290 (1.130 of XA) T/P 1: 1.3377 T/P 2: 1.3422 As always, scale out your profits and adjust your stop/loss to suit your personal risk management profile.