GBP has been under lots of pressure lately, All 8 Brexit proposals by the British PM (Theresa May) were all rejected. This has put the GBP under investor risk and uncertainty, the last 4 months been a Bullish ascending channel
ride for GBP/USD
. The bulls are no longer in play as the channel is broken to the downside with a strong retest and 200 ema
daily crossover. The Fundamentals and Technicals tell the same story for GBP/USD
which is WEAKNESS. A short will be our bias.