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GBP/USD: the drop will be imminent

Short
Livre sterling / Dollar américain (OANDA:GBPUSD)  
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OANDA:GBPUSD   Livre sterling / Dollar américain
Support and Resistance Supply and Demand Trend Analysis GBPUSD cable priceaction Technical Analysis forextrading Forex investroy
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supportandresistance supplyanddemand trendanalysis gbpusd cable priceaction technicalanalysis forextrading forex investroy
Similar to the situation that we have on AUD/USD, the price of GBP/USD has broken out of the ascending channel pictured on the chart and re-tested the local structure. Some sort of a mini range has been formed and it can be observed on relatively smaller timeframes. We are expecting for the price to break and re-test the lower barrier of the rectangular box before we go short and aim for the crucial zone of support plotted on the graph.
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