Short-term Resistance on GBP/USD

I pointed out a the possibility of downward momentum ahead for GBP/USD after parliament voted for Theresa May to renegotiate the Brexit deal. That possibility went out the window after the FOMC meeting struck down the dollar as the Fed looks to be patient with monetary policy changes as the case for rate hikes has weakened in their opinion. While Cable did pop higher on the news, selling pressure came along quickly around the 1.3150, which I think is due to the idea of a “no-deal” Brexit still being a possibility outweighing the Fed’s latest monetary policy statement. I’m short biased in the short-term given this price action, and tomorrow’s U.S. employment report may bring some volatility and another opportunity to play my bias at a better price. The