FX:GBPUSD   British Pound / U.S. Dollar
Price action is still in a downward sloping channel.
Current price hit resistance - creating a double top 1.5432 levels.
A break below the organ threaded line may suggest further selling to complete Wave 5

- Better NFP data that will trigger more selling in Cables
- Need Impulsive selling for wave 5
- A few targets should this kick off - 1.50784 / 1.5046 (61.8 Fib) / 1.48645 (76.8 Fib)

- Failed to close above 20 dma 1.5490 despite USD weakness
- RSI has rooms to fall further

Conservative trader can take a short on the break below 100 dma which was previously support. Stop can be placed at 50 dma

Invalidated IF:
- Break above downward channel
- If Dollar fail to rally
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