Look out for a short on GBPUSD!

Hello Traders, GBPUSD is approaching a horizontal resistance that was respected several times in the past. My view is this level might reject price once more. I also see a sharp rising channel on lower timeframe.

If this level hold price from breaking through, chances are that GU will decline. If the level gets broken then we have to admit that the bulls are fully in control.

Please trade smart.

If you like my ideas please like and share your thoughts in the comment section below.