Short

GBPUSD Channel Down top rejection calls for selling.

GBPUSD is trading inside a Channel Down and the price is testing its top again for the 4th time in 1 week.
This looks to us like December 17th, a rejection on the 0.5 Fib and MA200 (4h) that initiated a drop to the 1.5 Fib extension.

Trading Plan:
1. Sell on the current market price.

Targets:
1. 1.2110 (the 1.5 Fibonacci extension).

Tips:
1. The RSI (4h) of the rejection series is also identical to December's.

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Notes:
Past trading plan:

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