FXBen
Short

GBP/USD AWAITING SHORT ENTRY

FX:GBPUSD   British Pound/U.S. Dollar
This pair has moved down beautifully this week and has broken key support at 1.5330. Im now firmly in bearish mode here and have been talking about downside movement for a while but we have been a bit sideways as of late.

The ideal setup would now be a pullback in to what is now resistance and then good price action to confirm entry. This could happen over the next few days after todays indecision.

Target 1 = 1.5000
Target 2 = 1.4700
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