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GBPUSD has hit a near six year high in recent days and there are plenty of people questioning for how long these gains can be sustained.  Ian is sensing a bearish move in the pair's future and is looking to sell at the open. He says there are early indicators of a downward trend on both the intraday and daily chart for GBPUSD. A descending triangle formation was posted on the intraday chart after sellers entered the market around USD 1.7050. Typically investors would wait for support levels to break in order to confirm a downward bias, but the daily chart is also highlighting a correction count. Combined the bearish signals on these two charts offers strong enough support for Ian to predict a drop in GBPUSD prices. 

Ian is looking to sell at the market open with a stop placed at USD 1.7045. His two targets for the trade are USD 1.6955 and USD 1.6940.