Weekly 38% Fibonacci Sell In The GBP/USD

Here is a key level to watch in the GBP/USD as we roll into the final trading week of May:

Weekly 38% Fibonacci Retracement, 1.2592

Here's the trade:

1) Sell GBP/USD @ 1.2584
2) Stop Loss @ 1.2629
3) Profit Target @ 1.2546, 1:1 risk vs reward