GBPUSD – Flat
Yesterday’s candle closed as a pinbar; it sent its tail to the resistance line 1.3562,and could not penetrate above the line and so was rejected, I expect bearish momentum towards 1.3302 and a breakout below it for a further decline in price towards 1.3054 as I expect a decline in price today and the days to come.Im looking to short GBP now with my first take profit at 1.3302 and the next at 1.3054.On the way downwards the key lines to look out for include,1.3562,1.3302 and 1.3054.Lomg positions can only be advised in case of a clear breach above the resistance zone 1.3805-1.3755 with a big green candle.
Short GBP/USD now with your take profit at 1.3302 and stop loss around 1.3678.
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