gbp-usd-15-MTrend is bearish in GBP/USD currency pair in 15 minutes time frame. Short term key resistance level is present at 1.2556 price level. Based on Elliott wave analysis, we have seen a top at 1.2556 price level.

Now price is most likely going to drop more towards 1.2275 price level. A good idea is to look for a possible sell trade and join the down trend in GBP/USD currency pair.

However; if price is going to move sideways or start moving up then I will stop myself from trading and re-analyze the price action in GBP/USD currency pair fifteen minutes time frame.

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