FxWirePro

We prefer to go Short in GBP/USD

Short
FX:GBPUSD   British Pound / U.S. Dollar
3
Short term trend: Bearish
Ichimoku analysis (4 Hour chart):
Tenkan-Sen level: 1.5617
Kijun-Sen level: 1.5635
Ichimoku cloud top: 1.5693
Ichimoku cloud bottom: 1.5704

GBP/USD is retreating after making a high of 1.5695. Overall trend is weak as long as 1.5700 holds.
The break of 1.5700 will target 1.5760/1.5825 level in short term. The pair’s minor support is around 1.5525 and any indicative break below will take the pair to 1.5426 (Aug 2014 low).

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

Recommendation: Sell GBP/USD around 1.5615, SL 1.5700, Target 1.5427.