GBPUSD – Flat
Yesterday instead of pulling back to the resistance zone 1.3567-1.3515,GBP/USD broke below the support line 1.3306 and I expect a pullback to it for possible downwards movement of price towards the support line 1.3054 and a breakout below it for a further decline in price towards 1.2792.Wait for the retracement to 1.3306 then short the pair on the second retracement to it. The pair on the daily chart above is on a downward momentum and so I expect a decline in price, long positions may only be recommended in case of a clear breakout above 1.3567 with a big green candle and a pullback to it.
Wait for a correction to1.3306 to short GBP/USD with your take profit at 1.3054 and stop loss around 1.3422.
101% Double the volume !Attention! All bonus participates in drawdown! More detailed…
You may check other analytical reviews on FreshForex website. Source: freshforex.com.