Closed the short position at 1.6210 this afternoon. Short from 1.6380.
Observed a pincer bottom on 4 hour chart, GBP/USD has found a temporary support and going to rebound.
Expect to short at Fibonacci Retracement Level 50%, which is around 1.6260 - 1.6300.
Reckon GBP/USD to consolidate before breaking out to the bottom.
Hence, the best is to trade for intraday position using Fibo Levels for these two days, at the same time, hunt for a short position around 1.6300 and carry the position over weekend.
Expect GBP/USD to dip further to 1.6050, therefore, from 1.6300, expect to close the position near 1.6100 region.
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