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Trade posted to TAP at 8:46am ET. Sell GBPUSD at 1.5437. Several technical indicators are lining up here. Expecting a bounce back towards 1.5400. Break of the 1 hour trend line is the main confirmation backed up by a fib of the previous down run, historical resistance around the 1.5435/40 level and a Tunnel fib line. Targeting as close as possible to 1.5400 but will move to BE up 20/25 pips. Break of 5400 supports at 1.5380 then 1.5340.
GBP/USD Chart Picture
