THE MARKET IS BEARISH ON THE HOURLY TIME FRAME. PRICE IS ALSO BEARISH. RESISTANCE IS IDENTIFIED BY THE ORANGE BAR LOCATED @ 1.3111/DMP & 1.3132/DM3, WHICH COINCIDES WITH WMP. THE ANGLE OF SEPARATION BETWEEN THE 21 AND 55 COULD POSSIBLY SETUP AN AGGRESSIVE SHORT AT THE 21. NOTE THE FIBZONE SWEET SPOT ALSO COINCIDES WITH THE ABOVE MENTIONED RESISTANCE.
A GOOD NFP NUMBER COULD HELP PUSH PRICE EVEN FURTHER TO THE DOWNSIDE.

GBPUSD H1

GBPUSD H1 POST TRADE PLAN

NFP WAS A TOTAL MISS, COMING IN @ 20K vs 180K EXPECTED. REGARDLESS OF THAT THIS PAIR STILL FELL AS PLANNED. LOOKS LIKE GBP WEAKNESS AS THIS PAIR DID NOT REACT LIKE OTHER DOLLAR PAIRS TO THE NFP NUMBER.

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