GBPUSD has been weak for a long time. But shows no sign of reversal yet.
It is riding (below) 21EMA. So we should continue to sell it, until it shows the reversal price action.
I would like to suggest the next sell zones as below.
a) H4 21EMA, or
b) Role Reversal Resistance @ 1.4230 ish (See above Hourly chart)
The conservative target will be Double bottom on Hourly chart (DR1 -> DS1)
The aggressive target will be … stay in the trend as long as the price is below H4 21EMA, and trail your stop.
YJ Baik – Forex.Today @ Tokyo