GBP/USD upside was recently limited by the thick daily cloud

The daily cloud currently spans the 1.2726-1.2920 region

Friday's daily close under the 1.2627 Fibo is a very ominous sign

1.2627 Fibo is a 61.8% retrace of 1.2308 to 1.3144 (May to July) rise

14-day momentum remains negative, reinforcing the bearish market

We are looking to get short at 1.2720 in anticipation for bigger losses

GBP/USD Trader TGM2338. Previous upside nL1N3A532H