GBPUSD – Flat
On the daily chart above GBP/USD has been trading on a downward trend, it broke below a support zone 1,3754-1.3701 with a big red candle but did not correct to it, instead price rallied down and retraced at a resistance line 1.3512.Currentlt price is below it and I expect a pullback and a rejection of price from it for possible bearish momentum towards 1.3302 and a possible breakout below 1.3302 for a further decline in price towards 1.3028.My advice, wait for a retracement to 1.3512 and a rejection of price from it then short GBP/USD at it with your ideal target at 1.3302 and stop loss around 1.3635.
Wait for a retracement to 1.3512 then short GBP/USD at it with your ideal target at 1.3302 and stop loss around 1.3635.
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