Very interesting Price action on GBPUSD, Price is currently trading around 1.24250, We have strong Psychological resistance at 1.2500 which is also untested and could hold as a strong level for price to reject, We need to keep in mind that price has a current short term bullish trend due to strong weekly support at 1.22 which has held. This could drive the price up into 1.26250 where I will then be looking for long opportunities, right now we can only focus on the evidence in front of us, we have price still in a strong downtrend based on higher timeframes, and we have a strong psychological resistance approaching, and strong potential for price to reject, so, for now, I will be looking at potential shorting opportunities if the price remains below 1.2500 where price could dive into 1.22680.