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GBP/USD 4H SHORT

Short
British Pound / U.S. Dollar (FOREXCOM:GBPUSD)  
julez  
FOREXCOM:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Technical Indicators Chart Patterns GBPUSD GBP Technical Analysis cable short
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trendanalysis indicator chartpattern gbpusd gbp technicalanalysis cable short
GBP/USD May fall 100+ pips
Insight - Price hit resistance at 1.1808 and reversed back to support at 1.1434. The downwards trend line has not been broken so price is likely to continue downwards.

Intraday - 4H
Trade: Sell
Sell or Below 1.1434
Target TP: 1.1296 & 1.1133

Alternative scenario:

Trade: Buy
Buy or Above: 1.1434
Target TP: 1.1808 & 1.2031
Pivot and Support 1.1434
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