Fundamentals: This weeks GBP PMI coupled with USD Unemployment claims and Core PCE has sent the Dollar rallying while GBP has been in some consolidation until today.
Technical: From a Technical point GBP broke the Bearish Trendline at the same time the Dollar was rallying from news, GBP later retraced some of the sell off and retested the Bearish Trendline it broke earlier which is where the short opportunity become available. Target around a 1% move or check to see when the Dollar takes out its high around 106.5