On higher time frame (D1) GBPUSD is in a downtrend. Based on the overall downtrend on the higher time frame, when moving to smaller time frames such as H4 &H1, I noticed that the market is at an area of resistance with the possibility of Head & Shoulders reversal pattern forming. Ideally, I would wait for the formation to complete and would look to place sell stops below the neckline as indicated above and I am targeting 1.34300 if the market breaks the neck line.