GBPUSD: 1.54pm

The ongoing series of diagonals in that decline this past couple of days seemed very purposeful and rather than continue with trying to go long, I am waiting to short this higher up to recoup my 'investment!' or re-enter long near that low this morning if price returns to test it. The trend lines are bearish on both weekly and daily time frames and most of the 60min bolly on the 2nd chart has just about got price above the pyrapoint line 1.5241. Any gains from going long might be secured by a stop just under that line. I expect sidewards action across the regression channel with a possible rise into the 1.5552 pyrapoint line, which looks about where the 8hr bolly band might get to. Will only short if the trend lines remain red.