Looking for potential shorts on GBPUSD. A downtrend is potentially forming, therefore shorts are on the cards. The next impulse move should move price to 1.3700 - the 23.6% extension. Consider recent USD fundamentals, as well.
Comment
⋅
Price has reached the 0%. Now we wait for a push to the downside. That's about 100pips away.
Comment
⋅
Price pushed lower ahead of NFP and was only 30pips shy of Take Profit.