long term i believe pound to be bullish on this pair, as on weekly/Daily TF the pair has created a bullish trend. in the short term it looks to be retracing to a former resistance which i expect to form support. (red support line at TP) so to take advantage of the short term bearish behaviour i have planned this idea to short.
USD strength expected to continue. price recently broke daily support and re-confirmed this as resistance (orange line) before moving lower. Higher TF support break missed, so looking for short entries on hourly support/resistance levels.(green lines) entered at 0.72400, suspect this to form resistance and TP at lower previous hourly support.