GBPUSD D1 - Bearish play following DXY bulls

GBPUSD D1

Complimentary to the above DXY analysis, if the dollar starts to pick up, this is no doubt a scenario we could see. Failing this, a breach above 1.23 and subsequent retest could see us with long entries to target 1.25.

Pivot points indicated on both DXY and GBPUSD. We are still 'technically' in a downtrend though, as we are still holding price below the latest 'lower high'.

Similarly, we are still 'technically' holding onto D1 support on DXY.