Motion1

GBPUSD Potential Short

Short
FX:GBPUSD   British Pound / U.S. Dollar
GBPUSD trading in a downtrend on the 4hr timeframe, suggesting further bearish movement for the short-term.
Resistance at 0.382% daily fibonacci retracement level.
Trading below the EMA 200 & 800 on the daily timeframe .
Ideal entry would be at 1.29300 technical resistance level .
If the 1.29000 psychological level is broken this could suggest further bearish movement towards the 1.28700 support level .