I will be shorting the GBPUSD at around 1.33000 for the following reasons:
1) It had a strong bearish candle stick since October 2, 2017 and i believe this is the pull back to 38.2% fibonacci level
2) The 38.2% was also an area where it struggled for a bit on september 12, 2017 going from resistance to support.
3) I hope to see more confluences but if not i will keep a tight 35pip stop loss to ensure it is a small loss if it goes against me
1) It had a strong bearish candle stick since October 2, 2017 and i believe this is the pull back to 38.2% fibonacci level
2) The 38.2% was also an area where it struggled for a bit on september 12, 2017 going from resistance to support.
3) I hope to see more confluences but if not i will keep a tight 35pip stop loss to ensure it is a small loss if it goes against me