The GBP/USD after reaching our take profits on the previous Idea, today still approaching a new Push down in the direction of the main trend. The RSI is bearish and all the clues are about a new bearish impulse.
Prices are still moving in a bearish momentum hence we are bearish biased. Prices have pulled back slightly but if bearish momentum continues, it should test the 1.1350 levels where the previous swing low sits then the 1.1197 levels where the 161.8% extension sits check out our analysis