GBP Futures (6B, Dec)
Daily TPO
Retail sales data this morning has sent the market into yesterdays lows pre London, we may see a slight bounce but none the less expect the bearish momentum on GBP to continue throughout the day.
AM TPO
We can look to the singleprints on the way down to find a potential entry for further shorts as I believe now the Asia high is a little bit too far away that if the market were to retrace there, the bearish move would be brought into question.
GBPUSD Spot market
Trade idea with the stop loss above the Asia high, as mentioned the retest of this high would make the higher time frames appear like a rejection from the previous days low and bring into question the possibility of a sustained move higher.
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