GBPUSD: 15-30 min view
On intraday charts Cable printed another consolidation channel between 1.4570 and 1.4400. Break on either side should provide momentum in that direction. I favour up move from here.
Breaking 1.4570 and pullback to the same level would serve as a perfect long entry. Resistance becomes a support.
If you are , I would suggest to wait for the break of the lower band of that channel to consider short orders. Bears might enter below 1.4400, after the price retraces towards former support.
As I keep my long bias, I think, the potential to the downside is limited. I will skip short entries and will look for long opportunities. Bears might argue otherwise.
Bulls @ 1.4570 or deeper @ 1.4350
Bears @ 1.4400