GBP/USD - SHORT, FIBONACCI, DOWNTREND CHANNEL

Here we can see we are making lower highs and lower lows, have been in a downtrending channel since July 2014.
Using Fibonacci our T1 - 1.43840 T2 - 1.40760.
Upon a break of 1.47906 we could enter on a bearish closing candle as this bounced last test.