SantanderCapital
Short

GBP/USD Wait for the pullback

FX:GBPUSD   Pound Sterling/U.S. Dollar
131 0 4
Chart: Daily Time Frame
Market: Bearish

1. This is the fourth time daily candles have bounced off 50 EMA (Confirms trend strength/bias)
2. Double top + three inside down candlestick pattern (14th March - 15 March Candles)
3. Price Rejects 1.44450 (key weekly resistance level )

Conclusion:
Blue dotted support line has rejected price once hit,
could cause prices to pullback to roughly 1.42000 before going short.

Target: 1.37900
Risk/Reward: 2.07 : 1
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