FX_Trader_Analyst
Short

GBPUSD at key resistance area

FX:GBPUSD   British Pound/U.S. Dollar
GBPUSD             has dropped below old support zone towards1.514 levels where produced Lower Low, touched WS1 levels and rebounded towards WR1 and WR2 where produced hammer candles on 4H chart. This area also represents 618 Fib retracement from the pull back and suggest continuing bearish short term trend on the pair. With projected 2:1 R:R ratio this is potential trade.

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