GBP USD - KEY LEVEL TO WATCH NEXT WEEK FOR A POTENTIAL SELLOFFBritish Pound vs US DollarFPMARKETS:GBPUSDSalvoVaccaroSimilarly to the EUR USD, GBP USD has also broken a really important support/trendline, and after unsuccessfully re-entering the ascending channel we saw the price remaining below the trendline area refusing however to lower more. This week i expect the price to re-test the ascending channel and this how I will trade it. SETUP AS FOLLOW: SELL ENTRY 1.35600 - 1.35800 STOP LOSS 1.36340 TARGETS: 1.33200 and 1.32820 If the DXY gets strong and we see a clear break of 98.750 we could keep this sell entry to the next target 1.31200 Please like and comment this idea - I will certainly follow up through the week.