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.