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GBP/USD 4H SHORT

Short
British Pound / U.S. Dollar (FOREXCOM:GBPUSD)  
julez  
FOREXCOM:GBPUSD   British Pound / U.S. Dollar
Chart Patterns Trend Analysis Technical Indicators GBPUSD short
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chartpattern trendanalysis indicator gbpusd short
GBP/USD May fall 100+ pips
Insight - Support has held at 1.1434 causing price to reverse upwards and push the downwards trend line out further. Due to recent fundamental events, this could see GBP drop further
 
Intraday -  4H
Trade: Sell 
Sell or Below 1.1434
Target TP: 1.1296 & 1.1133
 
Alternative scenario:
 
Trade: Buy
Buy or Above: 1.1434
Target TP: 1.1808  & 1.2039
Pivot and Support  1.1434
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