It looks like Smart Money finally put the short squeeze in play. Everything fits. "Shock and Awe" on the last two Thursdays dropped the Pound and now everyone is looking down to see if the Pound will go down the rabbit hole. Will this Alice In Wonderland scenario play out?
FOMC news is due today and Non Farm Payroll is due out Friday. Non Farm Payroll can be lower than anticipated but still beat last months numbers and the GBP USD can rise. That would be the best play for Smart Money.