I have already posted a sell idea for GBPUSD but with uncertainty surrounding GBP news this week it may be safer to take this trade. Price has already struggled at the 61.8 fib level but I am looking for price to break just through and then rebound off of the 78.2 level. This next fib level is confluent with a bearish TL I have plotted and could provide a nice Risk:Reward ratio starting at 1:3 and could even reach 1:8 depending on how long the position is held for. When the market reopens later tonight I will be carefully watching price and opening this sell position and holding for the rest of the week.