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Okay, just opened a short position on GBPUSD at 1.3355. Aiming for a TP around 1.3330, placing my stop loss fairly tight at 1.3370. The early morning consolidation suggests a potential breakout downwards, plus the 200 SMA is looming above. Let's see how this plays out!
Update: GBPUSD is showing some resistance at 1.3350. I'm still holding my short, but I've decided to move my stop loss down to 1.3360 to lock in a small profit just in case. The RSI is still indicating slightly overbought conditions on the H4 chart, so I'm hoping for a further drop.
