GBPUSD Short Trade Plan

GBPUSD Daily

Recent down momentum in GBPUSD has been strong and pair has broken below a major support. 

This support was held on previous 3 dips. This support area comes around 1.5250/60.

100EMA and 200EMA are crossing each other down indicating a bearish structure.



I suspect this area to become support-turned-resistance and should provide good resistance on any spikes.

I plan to go short on touch of this area for a possible move towards 1.5 area.