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Short

GBP/USD - Short from trend line

FX:GBPUSD   British Pound / U.S. Dollar
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I will be looking to go short on GBPUSD from the rejection at the previous ascending support level . I will be watching the close of the 4hr candle at 2pm GMT . My Stop will be just above the 20EMA at 1.51800.

My target is 1.48124 which is the low of 2013. We may see some support at 1.5000 as it is a strong psychological level.

This is purely my observation of the market and not intended as trading advice.
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