We have a new short order on the GBP/USD @ 1.3020 with our first profit target sitting at 1.2957. The 1.30 area will definitely provide some support so keep an eye out at this level. Momentum is down at the bearish at the moment so we are looking to capitalize on that. Our stop level will be adjusted according to the market movements while we are in the trade.
Entry: 1.3020
First Profit: 1.2957
Trailing stop: 126