clearly there is a strong bearish sentiment today on GBPUSD...lower high during London session is where I will initiate my short position.
At 1.3060, I’m getting signals that GBPUSD could be initiating a full-fledged reversal south. Accordingly, I will be watching for a decent pullback from which to enter a short position, given that there could be a significant amount of room below for profiteering.
In fact, too much all at once! I actually made money BUYING the pair early this morning (Los Angeles time) when GBPUSD was "oversold" and pulled back against the trend. But unfortunately, I was asleep at the time it turned around and resumed its trajectory in the "right" direction, so I wasn't there to capitalize on the pair a second time. (Though I DID collect a little bit by selling it a couple of times on Friday.)