FxWirePro

We prefer to go Short in GBP/USD

Short
FX:GBPUSD   British Pound / U.S. Dollar
0
Short term trend: Bearish
Ichimoku analysis (4 Hour chart):
Tenkan-Sen level: 1.5609
Kijun-Sen level: 1.5633
Ichimoku cloud top: 1.5701
Ichimoku cloud bottom: 1.5704

GBP/USD has retreated after making low of 1.56780. Overall trend is bearish as long as resistance 1.5726 holds. On the upper side break of 1.5726 will target 1.5760/1.5825.
The pair’s minor support is around 1.5540 and any indicative break below would take the pair to 1.5426.

Indicators
Ichimoku (9, 26, 52, 26) - Sell
MACD (12.26.9) – Buy

Recommendation: Sell GBP/USD around 1.5630, SL 1.5726, Target 1.5430