GBP/USD: Bearish Momentum Continues - Short Setup

Market Overview

GBP/USD is clearly showing bearish intent. Currently at 1.26076, we've seen a -0.33% drop over 24 hours. The trend is your friend, and right now, that friend is heading south. We saw the pair hit 1.26712 earlier in the day, but it failed to hold those levels. Broader market sentiment is leaning towards dollar strength, providing a fundamental push for this move lower.

Intraday Play

I'm eyeing a short position on this one. Technicals show resistance holding strong, and a push below recent lows is on the cards.
* Entry: 1.2623
* Stop Loss: 1.2699
*Take Profit