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Short GBPUSD: Alan Collins

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Alan Collins of 3cAnalysis is looking to short GBPUSD. 

Alan points to the fact that the market is testing a Marabuzo line created 3 weeks ago and the mid-point of the weekly Keltner channel.Those points have held rallies since on a closing basis and that keeps the signals for sentiment negative on a weekly basis, Alan says.

His focus is on the downside and he is short at 1.4260 and would add on any rally to 1.4310. Alan's stop level is assessed as 1.4379 with downside targets of 1.4216, 1.4155 or even 1.4040.