It is not a good idea to try and stop a speeding bullet but risk can be defined/limited
The GBPUSD is approaching the next target (see earlier post). That comes in at the 1.4231 level. The level corresponds with a channel trend line connecting lows/highs off the hourly chart (see chart below).
It is not recommended to stop a speeding bullet, but in trading you can define and limit risk at technical levels. As a result, IF you have a inkling to sell, this is an area that traders can lean. Stay below, see what happens. Move above, get out.
What is the target IF the bullet stalls?
Get below the trend line on the 5-minute chart below, and the 38.2% of the last move down would be the corrective target. .
For a more detailed look at the GBPUSD, see my earlier post HERE.
