GBPUSD Short to continue the trend down to 1.280

GBPUSD is forming somewhat of a leisurely downtrend on the 4-hour chart, lower highs, and lower lows. An impulse move from 1.292 brought price down, which is now the resistance point to watch for on the retrace for a continued move lower. If that support breaks we will see 1.280. If the price moves past that we will expect 1.295 to hold resistance so the FX pair doesn't print a higher high.
It becomes way more bearish if 1.292 holds resistance. This is based on price action and market structure. If long wicks form at this resistance then there will be a strong push to the downside.

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