GBP/USD Short Squeeze
With the pound falling and US non Farm Payrolls this week GBP/USD has the potential for a big move. A short squeeze is setting up and positive US news could be a catalyst for it to be released. RSI has been downtrending since March and price action has been going up that is a sign of weakness in the uptrend. In Lazy Bears Squeeze Momentum indicator two red bars have shown the past two days and energy is building which is indicated by the black crosses. The long term C wave is below 0 which means a short squeeze would not be going against the long term trend.
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