Zenifix
Short

GBP/USD Potential Short Scenario

FX:GBPUSD   British Pound/U.S. Dollar
298 0 2
Requirement!
1. Price must not close any higher.
2. A confirmed close below 1.5435 is a must

Target is 1.5310 slightly above the 127.2% Fibonacci Extension and "00" Level.
Stop is slightly beyond 1.5500

Reason:
Stochastics is already above 80, any rejection from the Ichimoku Cloud would see the pair maintain downtrend.
Should the Stochastics Drop below 80, the pair would have enough momentum to push lower towards 1.5300.
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