GBP/USD trading plan. Sell signals under 1.525 1.5325 towards 1.51 and lower. On the weekly chart the cable made a strong bearish move two weeks ago, then tried to rally but the last candle, a bearish indecision one, rejecting a resistance near 1.5325 suggests that we may be going down again. However we stand on a support and it would be very unsafe to short the pair at that level.
The daily chart shows a bearish engulfing candle that broke down a 50 Fibonacci support around 1.525. That is clearly a bearish sign, and as long as we are under that 1.525 1.53 zone I will look to sell that pair to the next daily support, namely the 61.8 Fibonacci support around 1.51. keeping in mind the pair may go even lower.