GBP did fall to 1.29000 that approved my anticipation on yesterday was correct.
Three strategies today:
1. Wait until the price goes back up to around 1.29270 and take short position to 1.28000 or 1.27000. Stop loss at 1.29600
2. If price doesn't go back up to 1.29270 but breaches support level at around 1.28680, take short position to 1.27000. Stop loss at 1.29270
3. May consider take long position at either 1.28 or 1.27 depending on remaining sell momentum. Take profit at around either 1.29270 or 1.28000
Three strategies today:
1. Wait until the price goes back up to around 1.29270 and take short position to 1.28000 or 1.27000. Stop loss at 1.29600
2. If price doesn't go back up to 1.29270 but breaches support level at around 1.28680, take short position to 1.27000. Stop loss at 1.29270
3. May consider take long position at either 1.28 or 1.27 depending on remaining sell momentum. Take profit at around either 1.29270 or 1.28000