Overnight, GBP/USD rebounded to a potential intraday high at 1.1903 in early NY trading tonight and started to slip. One of the idea going into this week's trading was to sell GBP/USD for a potential resumption of the decline from 1.4248 which peaked at June 2021. If so, we could see a significant decline towards the 1.09 handle.
Sold @ 1.1881. Tue, Nov 22, 22:00pm. Closed Out Short Position Wed, Nov 23, 02:49am
Stop @ 1.2040.
Target @ 1.0940