GBPUSD 220317

One week ahead of Britain signing to leave the EU Bears will be watching this currency closely.
I am a bearish on this pair and below is a trade plan of the GBPUSD pair looking at a downtrend trade plan

GBPUSD D1

(1) Support and resistance (1.1) Price action Resistance @MPP (1.2) Support at MM1 (2)Market (2.1) 55/21 Siideways (3)Price (3.1) Stochastic are overbought and a switch signaling a change in price direction.

GBPUSD H4

(1) Support and resistance (1.1) Price action Resistance psyc 1.25000 (1.2) Support at @Fib 61.8 (2)Market (2.1) 21/55 no distinct trend Fair price sideways, with 55 below 200 (3)Price (3.1) Stochastic are overbought and a switch signaling a change in price direction. I will look at entering on the H1