S1 shows @ 1.2932. Firm break may indicate Bearish trend continues, targeting 1.2588. Break of 1.2588 likely confirmation of continual downtrend to 1.2100
Entry Market Order @ 1.2925 T/P @ 1.2600
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GBP/USD reached low of 1.2952, breaking primary 1.3000 support level. Very good signals of further drop to occur to trigger current Entry Order target. Watching closely.
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Pair is currently in corrective state. Firm break of 1.2932 still needed. Firm break of 1.2588 confirms Bearish trend is resuming.
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GBP has 8 news releases tomorrow (Thursday). Data should give clear signal as to which direction to trade. Holding Short Entry.