GBP/USD : Initiated Short @ 1.5704

• Been watching the big 1.5705 level for weeks now. Finally broken. Last 1.5658.
• Sell stop-in finally triggered at 1.5704.
• Seem like an opportune moment to take back some EUR/USD short. Squared the 20% 1.3850 from yesterday at 1.3666 today = near to the bear flag objective. Frees up risk limits for fresh GBP/USD trade.
  
• Monthly : Turned down now.
• Weekly : Multiple top finally broken down. NL at 1.5705, top around 1.6900 so looking at about 12 big figure down move here to appx 1.4500.
• Any setback ie attempt to rally post NFP will be used as opportunity to add to short cable.