Pound Structural Short

GBPUSD has recently bounced off the Monthly S1 Pivot and is testing Monthly Pivot at 1.22.

Price is in a Downtrend , and has been for over a year.

The next week is particularly interesting as Price abuts 4 structures of Resistance

= Kumo Senkou Span A

= 50 EMA

= Monthly Pivot Point

= Major Structural Resistance

It is likely also the RSI goes into the oversold zone.

A long term consideration for a short is on chart.....