FX:GBPUSD   British Pound / U.S. Dollar
25 0 2
strong down close on a friday, after a rally all week, daily timeframes are in a generic down trend, lower highs and lower lows, confluence of 50% retrace which was shown by the bearish bar on friday rejecting the 50% price of the previous down leg, looking for price action on 30mins chart to retest resistance of 1.5380 region, if price action reverses at that zone and breaks back down, short it with a price action signal, if resistance is broken, look to go long above 153.80 region on a pull back and supporting above 153.80. first target to the downside, is 1.51 region, expect the setup to setup for tuesday and wednesday mainly, in confluence with the gbp numbers release, or be negated by numbers release from tuesday and wednesday and thursdays gbp and usd numbers. price will either break through 1.51 or support and then reverse, hence take half off at 1.51, then let the other half ride till a price action signal signals reversal
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