Currently short from 1.3650. Price has retraced back after hitting resistance at 1.3700. Maybe this time it will break. As long as 50% holds i will be looking to go long. This could also be a sign of a potential trend reversal consider multiple failures to break 1.37
Price has come back to the 50% level of the week and seemingly rejected 1.3580 with SL at 1.3575. Went long with targets for next week above 1.37. Will be watching 1.3506 to see a strong move past to keep this idea valid
GBPUSD has broken 1.3700 resistance with a strong rejection. However considering dollar and eurgbp weakness i am biased towards a long opportunity. Will be watching PA around 1.37 level and a break or rejection to eurgbp support at .8880 If price does reject 1.37 or a continued move below 1.3669 I will be looking short to the 1.3580 level.