GBP/USD: Bearish Trend Holds. Opportunity to Go Short.

The Trend Remains Bearish

GBP/USD is clearly bearish. We've seen a -0.31% drop, currently trading around 1.26111. The day range has been contained below 1.267, signalling weakness. The trend is your friend, and right now, it's pointing south.

Intraday Short Play

I'm looking for a short entry on Cable at 1.2625. This allows for a retest into minor resistance before the next leg down. My Stop Loss is set firmly at 1.2695, just above the 1.267 resistance level. Fundamentally, broader USD strength is a tailwind here. My Take Profit target is 1.245, pushing well past the 1.25 psychological support. Textbook entry for a sustained move. Let it play out.
William Hall.