GBPUSD H4 - Short Setup

GBPUSD H4

FOMC and FED yesterday evening, no major surprises. Key notion point, denying tapering, explaining inflation and saying the economy has a long way to go are some of the factors.

I feel we don't have enough momentum to break 1.40 yet, so sitting tight and waiting for rejections at 1.40 resistance would be a good time to consider shorts, even impulsively as long as nothing else drives USD weakness.