GBP/USD: Sell-side campaign continues in play

The Sterling remains under pressure as the DXY pushes into new highs.

A fresh cycle low has been confirmed, which makes any retracement a potential opportunity to play short for the best risk-reward opportunities.

Look to sell the market from the 50% fib retracement and above for a continuation of the downward bias. When it comes to the fundamentals, the lack of any immediate resolution on the brexit saga is also weighing on the Sterling.