GBPUSD Analysis (Confluence and Trend Analysis)

GU has been in a long bearish movement for a long time on the weekly and I believe this will continue for a while. Price broke off from a wedge formation and after price reaches back to 1.3007, I will place a Short position which I will ride until 1.29078 and further down. With a tight stop loss and confluence with other USD Pairs, I believe this position will play out well.