GBPUSD - SELL IDEA

On the 15-minute chart for GBP/USD, the pair appears to have completed an impulsive five-wave structure, which is often followed by a corrective phase. The current setup suggests a potential short opportunity as the pair corrects lower.

Key levels to monitor:

- The 1.618 Fibonacci extension level at 1.31320, which is a typical target for the completion of a wave (c) within an ABC corrective pattern.

This setup points to a bearish move in the near term, making this a favorable scenario for considering short positions as the correction unfolds.