GBPUSD—setting up for a short

Yesterday's candle was a doji star and I wasn't sure Cable would rally but it's back on track to approach the top of the daily channel, currently located at 1.4950. What adds to the appeal as a short is that there is a Fibonacci confluence zone above it at 1.4975, a downtrend line coming in at 1.4920 and some moving average resistance. Before it gets there it has to get through the nearby confluence at 1.4865, but if it can't do so that might be a good short as well. Cable is currently bid at 1.4848 as of 11:53 AM EST.

Here's the daily chart:














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